TRON Price Prediction Today: Daily (TRX) Value Forecast – July 29
- On July 16, the downward trend was corrected at the $0.02090 price level.
- The price will continue to range below the EMAs as long as the small body candlestick dominate the chart.
TRX /USD Medium-term Trend: Bearish
- Resistance Levels: $0.0340, $0.0360, $0.0380
- Support Levels: $0.020, $0.0180, $0.0160
Last week the price of TRON was trading in the bearish trend zone. The coin had been on a downward correction from the $0.0400 overhead resistance level. On July 7, the bulls tested the $0.03500 price level and were resisted. The market fell as the bears broke below the 12-day EMA and the 26-day EMA. On July 16, the downward trend was corrected at the $0.02090 price level.
At the support of the $0.02090 price level, the bulls made an upward move and broke the 12- day EMA but were resisted by the 26-day EMA. The price of TRON is falling to revisit the previous low of $0.02090. Meanwhile, the price of TRON is in the oversold region of the daily stochastic but below the 20% range. This indicates that price is in a bearish momentum and sell signal.
TRX/USD Short-term Trend: Ranging
On the 1-hour chart, the price of TRON is in a sideways trend zone. The 12-day EMA and 26-day EMA are trending horizontally. The crypto's price is below the EMAs which indicates that price is falling. However, the crypto's price is characterized by small body candlestick like the Doji and Spinning tops which described the indecision between the buyers and sellers at the current market price.
The price will continue to range below the EMAs as long as the small body candlestick dominate the chart. Meanwhile, the price of TRON is in the oversold region of the daily stochastic but above the 20% range. This indicates that price is in a bullish momentum and buy signal.
Live Tron (TRX) Price:
1 TRX/USD =$0.1168 change ~ 1.76%
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