TRX/USD Spikes to Touch $0.085 Level

The Tron price prediction may cross above the upper boundary of the channel as the coin heads to the upside.

Tron Prediction Statistics Data:

Tron price now – $0.084
Tron market cap – $7.4 billion
Tron circulating supply – 90.1 million
Tron total supply – 90.1 million
Tron Coinmarketcap ranking – #11

TRX/USD Market

Key Levels:

Resistance levels: $0.095, $0.100, $0.105

Support levels: $0.075, $0.070, $0.065

TRX/USD continues to trade above the 9-day and 21-day moving averages within the channel. The cryptocurrency is trying to create a higher ground above the resistance level of $0.085, and should the buyers keep the coin above the moving averages, it may create additional gains. Today, an early trading session makes the Tron price touch the $0.085 level before rebounding to where it is trading currently at $0.084.

Tron Price Prediction: What Could be the Next Direction for Tron?

The Tron price may stay above the moving averages and if the resistance of $0.085 gives way, the bull run may come to focus, and the coin may create an additional bullish trend. Now, the bullish scenario seems to surface as buyers continue to post firm commitments into the market. According to the daily chart, traders could see another rise in the market price. Therefore, if the coin crosses above the upper boundary of the channel, it could further strengthen the market to the resistance levels of $0.095, $0.100, and $0.105 respectively.

On the downside, a lower possible swing may likely test the support level of $0.082. However, if the sellers manage to fuel the market, traders may expect a further drop to the support levels of $0.075, $0.070, and $0.065 respectively. On the other hand, the technical indicator Relative Strength Index (14) is now moving within the overbought region, indicating that the market may retain the bullish trend.

Against Bitcoin, the Tron price remains above the 9-day and 21-day moving averages in other to reach the resistance level of 330 SAT. However, this resistance level is expected to effectively exceed so that the market price may end up closing above it.

On the other hand, if TRX/BTC trades below the moving averages, it could refresh lows under 300 SAT and a possible bearish continuation may likely meet the major support at 270 SAT and below but if the coin moves above the upper boundary of the channel, it could hit the potential resistance at 349 SAT and above. However, the technical indicator Relative Strength Index (14) is moving within the overbought region, indicating that the market may give more bullish signals.

Alternatives to Tron

The Tron price regains ground to touch the daily high at $0.085 during the European session today. The Tron price is currently changing hands at $0.084 and with the recovery; the coin is now facing the upside aiming to cross above the upper boundary of the channel. However, the exponential growth of the Wall Street Memes community, coupled with the early success of the project’s presale phase, has led many in the investment community to speculate that WSM could be poised to replicate Pepe’s success. Moreover, in the ongoing presale, the WSM token has raised more than $3 million already and is burning through the presale stages.

Wall Street Memes – Next Big Crypto

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