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Tron price analysis: Price zooms past $0.125 resistance after bullish overtake

Tron price analysis Price zooms past resistance after bullish overtake

TL;DR Breakdown

  • The price is touching $0.126 high.
  • Tron price analysis shows an uptrend.
  • Support is quite steady at $0.091.

The cryptocurrency is following an increasing trend today as can be confirmed from the hourly and daily Tron price analysis. A bullish upswing has been at its peak for the past few weeks, and the market is still in favor of the buyers. An uprise in price is being recorded even today, and the bulls have taken the price beyond the $0.121 limit. This situation has created more chances for the buyers by giving them the right opportunity to invest.

TRX/USD 1-day price chart: Cryptocurrency value surmounts $0.121 top

The one-day Tron price analysis shows signs of an upward trend, as the bulls have been leading the game for the past few weeks. Today, an increasing trend is also being recorded, and the price has successfully breached the $0.121 boundary. Currently, the cryptocurrency value is $0.126 and is expected to go higher in the next few days. The moving average (MA) value is still relatively low and stands at the $0.112 level.

Tron price analysis: Price zooms past $0.125 resistance after bullish overtake 1
TRX/USD 1-day price chart. Source: TradingView

The volatility is on the increasing side, indicating that the trends might undergo reversal because of bearish pressure. The upper and lower Bollinger Bands have changed their positions, and now the upper value is $0.121 while the lower value is $0.091. The Relative Strength Index (RSI) score has crossed the overbought limit and is now at 71.30.

Tron price analysis: Price recovers from unexpected drop near $0.127 hedge

The four hours Tron price analysis confirms an upward price movement. The price has followed a bullish direction in the last four hours and has reached the $0.126 position. Although the bears tried to maintain their supremacy in the earlier hours, the previous four hours proved again in favor of the bulls. The moving average is at the $0.121 mark, whereas the Bollinger Bands average is standing at the $0.115 mark.

Tron price analysis: Price zooms past $0.125 resistance after bullish overtake 2
TRX/USD 4-hours price chart. Source: TradingView

The SMA 20 curve is moving higher than the SMA 50 curve, which confirms an uptrend. The upper Bollinger band has moved up to $0.128, while the lower Bollinger band has moved down to $0.102 value. The RSI score is still above the overbought limit and is currently present at 74.88 points.

Tron price analysis: Price zooms past $0.125 resistance after bullish overtake 3
TRX/USD technical indicators chart. Source: TradingView

The overall trend observed in the past few months has been promising, as observed from the technical indicators chart. There are 17 indicators found on the buying position, eight hands are on the neutral position, and only one indicator is on the selling position.

The Moving Averages Indicator is supporting the buyers as well with a strong bullish signal. We can see that 14 indicators are in the buying zone; one indicator is in the neutral while zero hands are in the selling zone. The Oscillators show an uptrend with seven oscillators at a neutral level, three indicators at buying level, and one indicator at the selling level.

Tron price analysis conclusion

The one-day and four hours Tron price analysis is confirming an adequate rise in the coin value today. The TRX/USD value has been uplifted to $0.126 height after the latest upswing. The bulls are still at the winning position and are trending over the market. Also, the four hours price chart is dictating a price rise, as the bullish momentum has been restored.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Dennis Mugambi

Dennis Mugambi

Dennis is a content writer with a deep understanding of the blockchain domain and cryptocurrency field. He infuses cold data with flair to make technology and finances mind-blowing. His reports both fascinate and awaken the readers.

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