TRON Price Prediction: Long-term (TRX) Value Forecast – July 21


• The bears remained in control of the long-term outlook.
• $0.02400 in the demand area is on the card.

TRX/USD Long-term Trend: Bearish

Supply zone: $0.0500, $0.06000, $0.000
Demand zone: $0.01000, $0.00800, $0.00600

Tron long-term outlook continues in a down-trending market. The key demand area at $0.02400 predicted as bears initial target in last week article was broken with a large bearish candle on 16th July. TRON plunges to $0.02038.

The bears lost momentum as the bulls returned was confirmed by the inside bar at $0.02090 of 17th July. The coin rose initially to $0.02810 breaking the 10-EMA and closed as a bullish marubozu on 19th July an indication of sustained rally.

$0.03017 in the supply area at the 50-EMA was the point of bullish exhaustion which is also at the trendline, the 61.8 fib area a trend reversal zone.

 

A bounce to the downside at the trendline may be expected in the day ahead with the bears' pressure becoming stronger with the support at the 10EMA broken.

$0.02400 in the demand area is a key demand area may be retested and subsequently broken as the bears continue the journey down south.

Live Tron (TRX) Price:

1 TRX/USD =$0.1503 change ~ 2.89%

Coin Market Cap

$10.77 Billion

24 Hour Volume

$2.45 Billion

24 Hour VWAP

$0

24 Hour Change

$0.00

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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