TRON (TRX) Price Outlook: Will The Uptrend Continue?
TRON (TRX) recently broke through the $0.144 resistance level, signaling a bullish trend in the long term. With the price currently at $0.159, TRON seems poised for further gains. Let’s take a closer look at the TRX price movement and determine what the future holds for this cryptocurrency.
The Uphill Journey of TRON Price
TRON’s price hit $0.144 on February 26 but struggled to maintain momentum above this level. However, on August 19, TRON broke through this resistance and started its upward journey. The price is now indicating a further uptrend, with a potential target of $0.186.
TRON Price Analysis
The technical indicators for TRON show positive signs, with daily price bars above the moving averages. The upward sloping moving averages suggest a bullish trend for TRX. Key supply zones for TRON include $0.13, $0.14, and $0.15, while key demand zones are $0.10, $0.09, and $0.08.
What’s Next for TRON?
TRON has broken out of its sideways trend and surpassed the $0.144 resistance level. The current price range for TRX is $0.11 to $0.14, with a bullish outlook for the future. With the recent breakout, TRON is expected to reach new highs between $0.18 and $0.20.
Hot Take: Stay Tuned for TRON’s Uptrend
TRON’s recent price surge has shown promising signs for a continued uptrend. With the resistance levels being broken and a bullish momentum building up, TRX investors can expect further gains in the coming days. Keep an eye on TRON as it continues its upward journey in the crypto market.
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