• On the upside, if the bulls break above the EMAs and the price is sustained, the bulls will retest the $0.038 overhead resistance.
• From the Fibonacci tool, the price of TRON has broken the 0.236 and 0.382 Fib. retracement levels which are called the continuation zone.

TRX /USD Medium-term Trend: Bullish

• Resistance Levels: $0.0340, $0.0360, $0.0380
• Support Levels: $0.0300, $0.0280, $0.0260

Yesterday, June 12, the price of TRON was in a bullish trend. The bulls have broken above the 12-day EMA and 26-day EMA to reach the bullish trend zone. In the previous days, the downward correction was corrected on May 9, at the $0.029 price level. As the bulls break above the EMAs, the price is facing resistance at the $0.034 price level. On the upside, if the bulls break above the EMAs and the price is sustained, the bulls will retest the $0.038 overhead resistance.

If the price is not sustained above  the EMAs the crypto’s price is likely to fall to the bearish trend zone. From the Fibonacci tool, the price of TRON has broken the 0.236 and 0.382 Fib. retracement levels which are called the continuation zone. The bears also broke the 0.50 Fib. retracement but found support at 0.618 Fib. retracement levels which are called the downtrend zones. The TRX coin has been reversed from the current trend.

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 pointing northward indicating that the price is in an uptrend. The crypto’s price is making a series of higher highs and higher lows. The price is trending above the 12-day EMA.

On June 12, the bulls were resisted at the $0.033500 price level and the market retraced to the support of the EMAs. Today, the bulls tested the $0.033500 resistance and price fell to the support of the 26-day EMA,Meanwhile, the price of TRON is in the oversold region of the daily stochastic but above the 40% range. This indicates that price is in a bullish momentum and buy signal.
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