News with the tag "trx price analysis"

TRON price has undoubtedly been one of the best performers in the past couple of months owing to its very vocal and dedicated founder, Justin Sun. However, this analysis reveals that TRX’s reaching $0.5 may not be what everyone expects. While meme coins can drive an L1 coin’s value parabolic, there ...

Since the market could be overextended already (in the short-term), Tron [TRX] traders not in a position can wait for a pullback to re-assess their positions.

TRON's move above the $0.0858 resistance on 15 October broke the previously bearish structure and trend of the previous ten days and initiated was the beginning of a short-term rally.

Tron's OBV has been in a steady uptrend throughout 2023 and this suggested that the long-term rally was likely to continue for a while.

The price action, momentum and sentiment in the TRON market were bullish, but will it be enough to break a 16-month resistance zone?

The data from Coinalyze suggested that, despite the short-term buying pressure the sentiment was not in favor of the bulls and further losses were likely.

Tron reclaimed the $0.076 - $0.078 support zone and could present a risky long opportunity. Should buyers indulge?

Tron reversed recent losses after surging above $0.0775. A 3%-6% gain was possible if the recovery extended.

TRON had a bearish market structure on the daily price chart, but TRX buyers had some hope of driving another rally toward $0.086.

Despite the sharp TRX retracement over the past few days, the trendline support has proven steady.