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Tron price analysis: Price zooms past $0.125 resistance after bullish overtake

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  • The price is touching $0.126 high.
  • Tron price analysis shows an uptrend.
  • Support is quite steady at $0.091.

The cryptocurrency is following an increasing trend today as can be confirmed from the hourly and daily Tron price analysis. A bullish upswing has been at its peak for the past few weeks, and the market is still in favor of the buyers. An uprise in price is being recorded even today, and the bulls have taken the price beyond the $0.121 limit. This situation has created more chances for the buyers by giving them the right opportunity to invest.

TRX/USD 1-day price chart: Cryptocurrency value surmounts $0.121 top

The one-day Tron price analysis shows signs of an upward trend, as the bulls have been leading the game for the past few weeks. Today, an increasing trend is also being recorded, and the price has successfully breached the $0.121 boundary. Currently, the cryptocurrency value is $0.126 and is expected to go higher in the next few days. The moving average (MA) value is still relatively low and stands at the $0.112 level.

Tron price analysis: Price zooms past $0.125 resistance after bullish overtake 1

The volatility is on the increasing side, indicating that the trends might undergo reversal because of bearish pressure. The upper and lower Bollinger Bands have changed their positions, and now the upper value is $0.121 while the lower value is $0.091. The Relative Strength Index (RSI) score has crossed the overbought limit and is now at 71.30.

Tron price analysis: Price recovers from unexpected drop near $0.127 hedge

The four hours Tron price analysis confirms an upward price movement. The price has followed a bullish direction in the last four hours and has reached the $0.126 position. Although the bears tried to maintain their supremacy in the earlier hours, the previous four hours proved again in favor of the bulls. The moving average is at the $0.121 mark, whereas the Bollinger Bands average is standing at the $0.115 mark.

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Tron price analysis: Price zooms past $0.125 resistance after bullish overtake 2
TRX/USD 4-hours price chart. Source: TradingView

The SMA 20 curve is moving higher than the SMA 50 curve, which confirms an uptrend. The upper Bollinger band has moved up to $0.128, while the lower Bollinger band has moved down to $0.102 value. The RSI score is still above the overbought limit and is currently present at 74.88 points.

Tron price analysis: Price zooms past $0.125 resistance after bullish overtake 3
TRX/USD technical indicators chart. Source: TradingView

The overall trend observed in the past few months has been promising, as observed from the technical indicators chart. There are 17 indicators found on the buying position, eight hands are on the neutral position, and only one indicator is on the selling position.

The Moving Averages Indicator is supporting the buyers as well with a strong bullish signal. We can see that 14 indicators are in the buying zone; one indicator is in the neutral while zero hands are in the selling zone. The Oscillators show an uptrend with seven oscillators at a neutral level, three indicators at buying level, and one indicator at the selling level.

Tron price analysis conclusion

The one-day and four hours Tron price analysis is confirming an adequate rise in the coin value today. The TRX/USD value has been uplifted to $0.126 height after the latest upswing. The bulls are still at the winning position and are trending over the market. Also, the four hours price chart is dictating a price rise, as the bullish momentum has been restored.

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Tron

TRON price kick-starts 20% rally as TRX shatters vital trend line

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  • TRON price breached through a declining trend line on November 29, signaling the start of a new uptrend.
  • A minor downswing to $0.09 is likely before TRX rallies to $0.109. 
  • A daily close below the $0.082 to $0.087 demand zone will invalidate the bullish thesis.

TRON price experienced a two-week downswing that ended recently with an uptick in buying pressure. This move suggests that TRX has kick-started an uptrend and is likely to continue higher.

TRON price looks to set up higher highs

TRON price has corrected 30% over the past two weeks and set a swing low at $0.089. Connecting the swing highs between November 22 and November 29 using a trend line reveals a bear trend line and a declining resistance level. A potential increase in buying pressure reversed the trend and broke this hurdle, propelling TRX by 7.7% to where it currently trades – $0.096. Going forward, investors can expect TRON to head lower and retest the $0.092 support level before firmly launching.

The immediate resistance level at $0.10 is the first hurdle TRX will encounter after a 10% upswing. Clearing this barrier will allow TRON price to retest the 50% Fibonacci retracement level at $0.109. This move will indicate a 20% upswing from the current position and is likely where the upswing will face a decisive moment.

If the buying pressure continues to increase, investors can expect TRON price to retest the 62% Fibonacci retracement level at $0.11 or the following one at $0.12.

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TRX/USDT 4-hour chart

TRX/USDT 4-hour chart

TRON price needs to stay above the $0.92 support level, a failure to do so will indicate a lack of buying pressure and push TRX down to the daily demand zone, ranging from $0.082 to $0.087.

As long as TRX stays above this area of support, buyers can make a comeback. However, a daily close below $0.082 will create a lower low and invalidate the bullish thesis.

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TRON bears remain in control but TRX price downside limited at $0.08

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  • TRON price action shows a bearish Ichimoku breakout developing.
  • Oscillator readings indicate that any move lower could be limited.
  • Strong support exists near the $0.08 value area.

TRON price has entered into the most bearish trading conditions on its daily Ichimoku chart since June 2021. An Ideal Bearish Ichimoku Breakout entry was generated last Friday, but it could be a developing bear trap.

TRON price action has mixed signals, may dip to $0.08 before creating new highs

TRON price has displayed a relatively muted response to the steep drop on Friday. The resulting sell-off on Friday positioned TRON into extremely bearish trading conditions, but the bears have been unable or unwilling to keep up with the selling pressure.

Reasons why the perceived inability for short-sellers to take control could be due to the gap between the daily candlestick bodies and the Tenkan-Sen. Additionally, the Optex Bands oscillator shows TRON price trading in extreme oversold levels, not seen since July 2021.

A key test of near-term resistance is ahead at the critical $0.10 value area. $0.10 is not just an important psychological number, but it also contains the 2021 Volume Point Of Control, Tenkan-Sen, and Senkou Span A. Sellers may be waiting to trigger bearish pressure on TRON price at that level.

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The 50% Fibonacci retracement and second-highest high volume node in the 2021 Volume Profile, share the $0.09 level. If TRON price falls below that support, then a quick trip towards $0.08 is probable. The 61.8% Fibonacci retracement is at $0.08, along with a high volume node.

TRX/USDT Daily Ichimoku Chart

For TRON to resume a clear uptrend and a move towards new all-time highs, it must fulfill an Idea Bullish Ichimoku breakout entry. For that to occur, TRON has an extensive road ahead of it. TRON would need to close at or above the $0.115 value area to resume the prior bull market.

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Cardano

Cardano and Tron Will Soon Be Removed From eToro

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The trading app has cited unspecified regulations as the reason behind the delistings.

  • Trading platform eToro has announced that it will delist Cardano (ADA) and Tron (TRX) for American users.
  • The company did not explain why those assets were targeted or which regulations influenced its decision.
  • The new policy will take effect in late December.

Trading app eToro has announced that it will remove Cardano (ADA) and Tron (TRX) from its listings before the end of the year.

Policy Will Hit eToro Users in December

The new policy means that eToro users will not be able to open positions in those cryptocurrencies beginning on Dec. 26.

Additionally, users will not be able to receive staking rewards for the two cryptocurrencies beginning on Dec. 31.

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These restrictions will only apply to users in the United States, according to the policy update posted by eToro on Tuesday.

The company cited “business-related considerations in the evolving regulatory environment” as the reason for the delistings, but did not say which regulations influenced its decision.

Neither TRX nor ADA has been targeted by regulatory action. It is possible that new reporting requirements for crypto brokerages in the U.S. have played a part in eToro’s decision, but this does not explain why TRX and ADA were specifically targeted.

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Crypto Market Is Largely Unaffected

Though early reports suggested that each token had seen losses, both had recovered by the time of writing. As of 3:30 PST on Nov. 25, Both ADA and TRX saw gains of roughly 0.5% over 24 hours.

Given that Cardano ranks among the top six tokens, it seems unlikely that other exchanges will follow eToro’s lead and delist it. TRX ranks somewhat lower as the 32nd largest cryptocurrency, but it does not seem to be a target for delistings, either.

In fact, both coins have recently gained new listings elsewhere. Cardano’s ADA token was listed on Bitstamp on Wednesday, while Tron saw a TRX ETN listed on Deutsche Börse in September.

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Furthermore, eToro is primarily a stock trading app with crypto features, meaning that its regulatory concerns may not reflect those of dedicated crypto exchanges.

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