TRON Price Prediction Today: Daily (TRX) Value Forecast – July 8


  • On June 2, the price of TRON was in a bullish trend as it reached its peak price of $0.0400.
  • On the upside, if the bulls break above the EMAs, the crypto’s price will rise to retest the $0.0400 overhead resistance.

TRX /USD Medium-term Trend: Ranging

  • Resistance Levels: $0.0340, $0.0360, $0.038
  • 0Support Levels: $0.0320, $0.0300, $0.0280

On June 2, the price of TRON was in a bullish trend as it reached its peak price of $0.0400. The bulls have been contesting to break the $0.0400 overhead resistance. On June 3, the bulls were resisted and the market was a downward correction to the support level of the 26-day EMA. Later the bears broke below the EMAs. On June 24, the bulls  made an upward move and retested the $0.0400 price level. On June 27, the TRX market was on a downward correction to a low at $0.0320 price level.

At the low of $0.0320, the crypto’s price is below the 12-day EMA and the 26-day EMA. On the upside, if the bulls break above the EMAs, the crypto’s price will rise to retest the $0.0400 overhead resistance. 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.

TRX/USD Short-term Trend: Bullish

On the 1-hour chart, the price of TRON is in a bullish trend zone. The 12-day EMA and 26-day EMA are trending in an upward move before trending horizontally indicating that price is in a sideways trend. Today, the bulls tested the $ 0.035500 price level but were resisted.

The price fell below the EMAs and was commenced a range bound move . 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.
.

Live Tron (TRX) Price:

1 TRX/USD =$0.0506 change ~ 5.44%

Coin Market Cap

$3.63 Billion

24 Hour Volume

$541.54 Million

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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