TRON Price Prediction Today: Daily (TRX) Value Forecast – June 24


  • The downward fall was corrected at the support of $0.0300 price level.
  • The crypto’s price is facing resistance at the $0.0390 price level as the market is trading below it.

TRX /USD Medium-term Trend: Bullish

  • Resistance Levels: $0.0400, $0.0420, $0.0440
  • Support Levels: $0.0380, $0.0360, $0.0340

Last week the price of TRON was in a sideways trend. The TRX market was in a sideways trend after the bulls were resisted at the $0.0400 overhead resistance. The downward fall was corrected at the support of $0.0300 price level. At the $0.0300 support level, the bulls pulled above the EMAs and commenced a range bound move above the EMAs.

On June 22, the bulls make an upward move to retest the $0.040 overhead resistance. A trend line is drawn to determine the duration of the bullish trend. The price of TRON is in a bullish trend if the trend line is not broken by price. A bullish trend is ongoing when price makes higher highs and higher lows on the trend line.

The price of TRON is assumed terminated if price breaks the trend line and another candlestick closes on the opposite of it. The bulls are expected to test or break the $0.0400 overhead resistance level. Meanwhile, the price of TRON is in the overbought region of the daily stochastic but above the 80% range. This indicates that price is in a bullish momentum and buy signal.

TRX/USD Short-term Trend: Ranging

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 northward indicating that price is in a bullish trend. The crypto’s price is facing resistance at the $0.0390 price level as the market is trading below it. Meanwhile, the price of TRON is in the overbought region of the daily stochastic but above the 80% range. This indicates that price is in a bullish momentum and buy signal.
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Live Tron (TRX) Price:

1 TRX/USD =$0.0460 change ~ -0.87%

Coin Market Cap

$3.3 Billion

24 Hour Volume

$521.4 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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