TRON (TRX) Price Analysis: TRX Indicator Analysis and Forecast

TRON (TRX) price has maintained its uptrend by staying above the moving average lines. Price analysis by Coinidol.com.

TRON (TRX) price analysis is bullish today as we saw another attempt to break above the $0.19 resistance. However, bears quickly stepped in and pushed TRX back down. Now, we can expect another attempt at breaking higher early next week.

TRX price analysis: bullish

TRX/USD opened the week at $0.18 and quickly rallied to the $0.19 resistance. From there, TRX was unable to continue higher and reversed. Later, another attempt was made to break above the resistance, but bears quickly pushed TRX back down again.

Currently, TRX is trading at $0.18 again, and the bulls will be looking to close the day above the resistance to create a higher high and continue the bullish momentum.

TRX 4-hour chart price analysis: bulls attempt to break higher

On the 4-hour chart, we can see the uptrend pausing at the $0.19 resistance. After several attempts to break above it, TRX was pushed back down.

Now, TRX is again approaching the resistance, and we can expect another attempt at breaking higher early next week. If successful, TRX will be able to continue its uptrend towards the $0.20 resistance.

TRX price analysis: conclusion

TRX price analysis is bullish today as we saw several attempts to break above the $0.19 resistance. However, bears were quick to push TRX back down each time.

Now, we can expect another attempt at breaking higher early next week. If successful, TRX will be able to continue its uptrend towards the $0.20 resistance.