• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Crypto hackers Cover protocol lucky as hacker returns stolen $3m OneCoin scam lawyer

    Crypto hackers lay siege to rapper’s YouTube to promote BTC/ETH scam

    Ethereum price

    Ethereum price expected to cross $1,300 as bulls dominate the markets

    TaxBit

    TaxBit receives investment funds from PayPal and Coinbase

    Cardano price prediction_ ADA to retest $0.35, analyst

    Cardano price prediction: ADA to retest $0.35, analyst

    Crypto market cap

    Crypto market cap reaches ATH: crosses $1 Trillion

    Litecoin price prediction_ LTC to $180, analyst

    Litecoin price prediction: LTC to $180, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Ripple

    Ripple can serve as a bridge between CBDCs

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Crypto hackers Cover protocol lucky as hacker returns stolen $3m OneCoin scam lawyer

    Crypto hackers lay siege to rapper’s YouTube to promote BTC/ETH scam

    Ethereum price

    Ethereum price expected to cross $1,300 as bulls dominate the markets

    TaxBit

    TaxBit receives investment funds from PayPal and Coinbase

    Cardano price prediction_ ADA to retest $0.35, analyst

    Cardano price prediction: ADA to retest $0.35, analyst

    Crypto market cap

    Crypto market cap reaches ATH: crosses $1 Trillion

    Litecoin price prediction_ LTC to $180, analyst

    Litecoin price prediction: LTC to $180, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Ripple

    Ripple can serve as a bridge between CBDCs

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Tron News

Tron price prediction: TRX to hit $0.026 soon, analyst

Taha Farooqui by Taha Farooqui
December 9, 2020
in Tron News
4 min read
Tron price prediction: TRX to hit $0.026 soon, analyst
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

TL:DR Breakdown

  • Tron price prediction expects the bearish streak to continue.
  • Current support persists at the $0.02750 mark.
  • Tron price may test the resistance at $0.03.

The Tron price prediction by Farid Norouzi suggests that the cryptocurrency will soon fall towards the $0.0206 level. The price observed a downtrend on the charts for the 9th of December.

1-Day Tron price analysis

TRON price chart 1 - 9 December
Tron price prediction chart by Trading View

The TRX price was marked at the $0.028 mark at the time of writing on Bitfinex. The cryptocurrency observed a descending slope on the 8th and the 9th of December, the price fell to a day’s low of $0.027 in the second quarter of the day. Since then, the price has been varying over the $0.028 level. The highest value that the cryptocurrency hit on the day was the $0.0295 mark, which is when the altcoin observed a spike in the price.

RelatedPosts

TRON price prediction: Will TRX see a rise towards $0.035?

Tron price prediction – TRX at $0.0312 as consolidation turns into a bull run

Tron price prediction: TRX/USD plummets to $0.028

USDT on TRON exceeds 5 billion despite TRC20 to ERC20 swap

TRON price prediction: Fall towards $0.026?

The TRXUSD pair is expected to enter a short position from its current price and fall towards the $0.026 level, which is where the nearest support lies for the trading pair.

TRON price chart 2 - 9 December
Tron price prediction chart by Farid Norouzi

The cryptocurrency was trading inside a triangle pattern and the price finally broke below the pattern after bouncing off its top. The price has been testing the $0.029 resistance for a while now, and if the TRX price does not close above the resistance, it will move short and fall towards the $0.026 support. A break and a close below this support level will cause the cryptocurrency to fall to the $0.022 level, which will be very bearish for the TRXUSD pair.

What’s next for TRON?

The cryptocurrency has been descending under a long falling resistance that turned into a support level. The price broke above this trend line and then fell briefly inside a down-channel. The analyst expects the cryptocurrency to rise towards the $0.35 flat resistance level.

TRON price chart 3 - 9 December
Tron price prediction chart by Guerrero

The Relative Strength Index (RSI) has been gradually gathering strength over the course of 2020. The indicator has moved close to the overbought region, and the price is expected to go long from here and test the $0.35 mark. The final target price for this trade setup lies above the $5 mark, which the cryptocurrency is expected to hit in the long-term.

What to expect from TRON?

The analyst believes that a wave-G forming up on the TRXUSD charts is similar to the wave-E that was formed in 2017. This wave could allow the cryptocurrency to the $40 to $350 range in 2021.

TRON price chart 4 - 9 December
Tron price prediction chart by Intuit

The analyst expects the price to form a huge bubble and break above the triangle pattern that has formed from the start of 2018. If the cryptocurrency bounces off this recently broken trend line of the triangle pattern, the TRX price could see a long-term move and rise to three digits, per the analyst.

TRON technical indicator movement

TRON price chart 5 - 9 December
Tron price prediction chart by Trading View

The Moving Average Convergence Divergence (MACD) line is about to cross above the signal line as the histogram size is decreasing in the negative region. This means that the cryptocurrency is under a positive bias. The RSI was marked at 48.45, which is the neutral region.

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.
Tags: cryptocurrency tradingcryptomarket
Taha Farooqui

Taha Farooqui

Taha specializes in copywriting & translating texts. He aims to cover cryptocurrencies & blockchain in both English and local dialects in the Middle Eastern regions. He has helped write, translate, and localize the material related to cryptocurrencies and blockchain.

Related Posts

TRON price prediction: Will TRX see a rise towards $0.035?
Tron News

TRON price prediction: Will TRX see a rise towards $0.035?

December 12, 2020
Tron price prediction – TRX at $0.0312 as consolidation turns into a bull run
Tron News

Tron price prediction – TRX at $0.0312 as consolidation turns into a bull run

November 29, 2020
Tron
Tron News

Tron price prediction: TRX/USD plummets to $0.028

November 26, 2020

Follow Us

  • 40.6k Fans
  • 8.3k Followers

Latest News

Crypto hackers Cover protocol lucky as hacker returns stolen $3m OneCoin scam lawyer

Crypto hackers lay siege to rapper’s YouTube to promote BTC/ETH scam

January 7, 2021
Binance Coin price prediction_ BNB to $56, analyst

Binance Coin price prediction: BNB to $56, analyst

January 7, 2021
Ethereum price

Ethereum price expected to cross $1,300 as bulls dominate the markets

January 7, 2021
TaxBit

TaxBit receives investment funds from PayPal and Coinbase

January 7, 2021
Cardano price prediction_ ADA to retest $0.35, analyst

Cardano price prediction: ADA to retest $0.35, analyst

January 7, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 1

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2020 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.