TRON Price Prediction: Long-term (TRX) Value Forecast – June 16
- The bulls are in control of the long-term outlook.
- $0.04083 in the supply area is up for a retest.
TRX/USD Long-term Trend: Bullish
Supply zone: $0.05000, $0.06000, $0.07000
Demand zone: $0.01000, $0.00800, $0.00600
TRON long-term outlook is a bullish trend. The bears successfully pushed the cryptocurrency beyond the target at $0.02950 in the demand area on 9th June and lost momentum at $0.02910.
This was a close above the 50-EMA with a wick an indication of exhaustion as the bulls returned and took control of the market.
TRXUSD rose to $0.03363 in the supply area on 10th June breaking the 10-EMA to confirm the bulls’ takeover. This was the high of last week ending on a bullish note.
Price is above the two EMAs and the signal of the stochastic oscillator pointing at 30%. These imply an upward momentum in price in the long-term in the new week as long as price stays above the trendline.
A retest at the previous high of 2nd June at $0.04083 in the supply area may occur in the long-term
Live Tron (TRX) Price:
1 TRX/USD =$0.0498 change ~ 5.58%
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