TRON price $0.0304 Key TRX resistance levels $0.035, $0.045 Key TRX support levels $0.025, $0.020

*Price at the time of writing

TRON long-term price prediction: Bullish

The last ten days of trading has seen TRX make a dramatic climb after a sharp rise-up, marking $0.0328 as the new monthly high on Monday. Since then, TRX trading has remained below this price point, but the bulls appear to be back in control of the TRON market.

However, a retest at the $0.025 support level might be necessary before the rally continues. The early January high is the next buying target.

Buy/Sell TRON (TRX)

How to buy TRON (TRX) on Binance?

Before the recent high wave, TRON followed a long decline after a strong rejection at $0.03575 on January 10. The bigger picture is vividly shown on the daily MACD. At this indecisive stage of the market, buying pressure is likely to meet resistance at $0.035, retesting the January rejection level.

A significant breach of the mentioned resistance may set a new price level for the token, possibly at $0.045 and above.

In case selling pressure overwhelms the market, the $0.025 break area is a close retest for the bears with high probability. The daily RSI reflects more of a short move as it rests atop the 80 level. Crossing down the overbought line could position the indicator on a slope trend. Still, TRX is following a bullish wedge pattern.

TRON medium-term price prediction: Neutral

Since the heavy sell-off on February 24, TRX had been trading below the $0.025 level. On April 2, a strong bullish move successfully surpassed the solid level to a high of $0.029 before a retrace to the break level. From there, a bounce up established a new high at $0.032 on Monday.

Since then, TRX has not made a notable wave. The actual scenario is revealed on the 4-hour MACD, which is now trending positive.

Currently, the 4-hour RSI trends below the overbought level. The slow movement may suggest a potential bearish play for the market. If the price eventually falls, we may experience a bear-run to the $0.028, $0.027 and $0.026 supports in a concurrent move.

Resuming the higher high pattern, on the other hand, buying pressure is likely to revisit resistance at $0.032 and above. As it appears now, selling pressure is more likely to play out.

TRON short-term price prediction: Bullish

From a short-term perspective, TRX is following a bullish sentiment. The higher high, higher low pattern started after last week’s surge which paced the bulls above the bear market, as shown on the hourly MACD indicator. However, not much is revealed on the hourly RSI. Currently, both indicators are pointing down significantly.

The next swing high is likely to surface at a major resistance level of $0.032. Above this level lie the $0.033 and $0.034 resistance levels.

Following the RSI trend, a downward wave may possibly locate a bottom at the $0.029 support level and below, where the green trend line lies. Technically, the sellers may soon gain control of the market if the buyers fail to send the price to the next level.