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TRON price analysis: Bullish flight at risk after bears restrict price under $0.10

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The TRON price analysis is indicating a bearish signal, as a decrease in price has been detected today. The most recent update shows that the cryptocurrency is going in the favor of the bears as they have succeeded in making a comeback.

The past few hours had observed a continuous bullish streak which was on course to go above the current resistance i.e. $0.11. But, the bears have restrained the price levels to go further, and a downtrend has taken place.

  • The latest TRON price analysis shows a decline in price.
  • Price levels have fallen unexpectedly to reach $0.104.
  • Resistance remains uncovered after bearish interruption.

The TRON price analysis is indicating a bearish signal, as a decrease in price has been detected today. The most recent update shows that the cryptocurrency is going in the favor of the bears as they have succeeded in making a comeback.

The past few hours had observed a continuous bullish streak which was on course to go above the current resistance i.e. $0.11. But, the bears have restrained the price levels to go further, and a downtrend has taken place.

TRX/USD 1-day price chart: Bulls pulling through strongly after a short bearish interval

The 1-day TRX/USD price chart is going bullish for the day, as more green candlesticks are adding to the already strong bullish momentum. There has been a significant rise in the coin value, and the price levels are going high every hour.

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The predominant trend for the day has been bullish, which has resulted in the price reaching $0.10 of value. This is a huge accomplishment for the bulls as they have taken the price even above the moving average (MA) value i.e. $0.1.

TRON price analysis: Bullish flight at risk after bears restrict price under $0.10 1
TRX/USD 1-day price chart. Source: TradingView

On the other hand, the volatility is slowly increasing which might be taken as a negative signal for cryptocurrency’s future. Meanwhile, the Bollinger bands are showing the following values; the upper value at $0.099 and the lower value at $0.079. The Relative Strength Index (RSI) score is also reaching new heights i.e. 73 which is above the overbought mark.

TRON price analysis: 4-hours price chart indicates a drop after bears regain momentum

The 4-hours TRON price analysis is predicting a decline in the price, as the bears are regaining their strength after a continuous defeat. The price has decreased to $0.10, which is surprising considering that the past few hours have seen the bulls maintaining their lead successfully.

The moving average (MA) value of $0.101 is still below the current price value, as the bulls have been at reign previously. Meanwhile, the Bollinger bands are maintaining an average of $0.095, at the time of writing.

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TRON price analysis: Bullish flight at risk after bears restrict price under $0.10 2
TRX/USD 4-hours price chart. Source: TradingView

The other values related to Bollinger bands are equally important in predicting the ongoing trend, and the upper band is at $0.10 while the lower band is at $0.08. Meanwhile, the RSI score has also shifted towards the declining movement, and it has decreased up to 74.4, but still holds a secure place.

TRON price analysis: Bullish flight at risk after bears restrict price under $0.10 3
TRX/USD technical indicators chart. Source: TradingView

As the general trend observed during the day has been towards the bullish side, so is the technical indicators chart confirming the persisting trend. The summary is showing 16 indicators on the buying point, 10 on neutral, and none on the selling point.

If we talk about the Moving Averages indicators, it is displaying similar results, and the signal is strong for the buyers. There are 14 indicators at the buying position, one at neutral, and none at the selling position.

As the bullish momentum has been huge during the day, the Oscillators are giving a slightly bullish indication as well. This is because there are nine indicators at the neutral spot, two at the buying and once again no indicator at the selling spot is seen.

TRON price analysis conclusion

The 1-day and 4-hours TRON price analysis is directing us that the bears are trying to take charge again in the latest Tron price analysis.

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The bears are giving resistance to the bullish uptrend and have successfully interrupted the bullish streak just when the price has gone above the last resistance mark. The bears have caused the price to lower to $0.10, and further downfall can be expected if more sellers enter the market.

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Tron Price Analysis: TRX at $0.103 support, will the bears win?

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Tron price analysis for today is bearish as the cryptocurrency is currently trading at $1.04, which is a 1.33% drop compared to yesterday’s price. The price of the cryptocurrency has turned bearish after reaching the resistance at $0.122. The price movement surged from $0.08 to $0.12 from 8th September to 16th September. But next, the price dropped from $0.12 to $0.103 support levels.

The current scenario shows a drop in the coin’s trading volume by almost 38.33% and is now at $1,210,695,541.86. The market capitalization of Tron has dropped by over 2.33%, according to the data by Coinmarketcap. According to this data, the coin is currently witnessing a bearish trend in the short term which can be considered as a cool-off period.


This movement suggests that the support at $0.13 can break if Bitcoin falls below the current support at $47.8K. Although, for now, it is not likely that the cryptocurrency will fall below this price. Although, if this support breaks, we have another support at $0.09 and $0.08. The all-time high for Tron is 0.300, and the TRX/USDT trading pair is 65.20 percent below this price.

Tron price analysis: Technical indicators stay bearish

The Tron price analysis for today is bearish, and this can be made transparent using the readings from popular technical indicators. These indicators play a major role in revealing the price movement that is possible in the short term. Although, if you are looking for long-term forecasts, visit our Price Prediction Page.

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Tron price movement can be tracked using the key Moving Averages. The Bollinger Bands currently show that the price action is above the 100-day Moving Average but below the 50-day Moving Average. If the bulls take charge, the TRX/USDT price might move upwards to gain control of the 50-day Moving Average as well. There are chances of a further surge if the 50-day Moving Average is conquered.

Tron price analysis using the Bollinger Bands reveals that a bearish trend can be seen in the short term. The 10% drop in the price of Bitcoin on 7th September is also a reason for the drop in the price of the TRX/USDT pair. Currently, the price action is situated in the lower of the Bands, and if the support doesn’t hold, we might witness TRX/USDT break out from the lower end of the Bollinger Bands.

Tron Price Analysis: TRX at $0.103 support, will the bears win? 1
Tron price analysis on the chart by TradingView

Tron price analysis using the Bollinger Bands reveals that a bearish trend can be seen in the short term. The 10% drop in the price of Bitcoin on 7th September is also a reason for the drop in the price of the TRX/USDT pair. Currently, the price action is situated in the lower of the Bands and if the support doesn’t hold, we might witness TRX/USDT break out from the lower end of the Bollinger Bands.

The MACD indicator shows that the price action turned bearish after a bearish crossover wherein the MACD line (the blue one) went below the signal line (the orange one), eventually turning the price action bearish. The histogram is flashing red, and there are chances of bulls taking charge if Bitcoin is able to make its move towards the $50K price level.

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Tron price analysis
Tron price analysis on the chart by TradingView

Tron price analysis: Conclusion

Today’s Tron price analysis can be concluded on a bearish note as the cryptocurrency doesn’t have enough capacity to trade upwards. But, if this support stays in position and the price movement stays above it, there are chances that the price action will turn bullish soon.

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Tron Price Analysis: The Tron Coin Bounces From The $0.081 Support Mark With A Bullish Engulfing Candle

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  • The RSI shows substantial bearish divergence with respect to the coin’s price action
  • The TRX/BTC pair was trading at 0.000001823 BTC with a loss of 2.34%
  • The 24hr trading volume in TRX coin is 1.03 Billion
TRX/USD on Tradingview

After giving its last breakout from the $0.081 mark, the TRX coin gave its trader a quick target till the $0.095 level. Furthermore, the price was rejected from that level with an evening star pattern, dropping the coin back to the previous breakout point. However, as for now, the price is still wavering between these levels forming a small range.

The EMA’s indicate that the TRX coin is in a strong bullish trend, as the price trades higher than the critical EMA’s 20, 50, 100, and 200. In addition, the chart also shows the 20 EMA is providing strong support to this coin.

The RSI value (BULLISH) is at 56, indicating a bullish sentiment in the TRX coin. However, the RSI line shows some bearish divergence with the price action, indicating weakness in the bullish momentum.

TRX Coin Crypto Chart In The 4hr Time Frame

TRX/USD on Tradingview

The TRX coin shows a possibility of forming a double bottom in the 4hr time frame. This pattern can provide a strong direction if the price breaks out from the $0.0913(neckline) mark and shows sustainability above it.  

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