TRX Price Analysis: Bull Running Tron Faces Supply Before $0.10!

The post TRX Price Analysis: Bull Running Tron Faces Supply Before $0.10! appeared first on Coinpedia Fintech News

Maintaining a bullish trend in the daily chart, the TRX price shows a strong momentum rally to reach the $0.10 mark. Sustaining a year-to-date growth of almost 80%, the Tron coin price rises higher to reclaim the $0.20 mark. 

With the bullish trend continuation gaining momentum, the TRX price prediction holds the spirit high for the coming months.

As the market continues to stay strong after the recent recovery, the altcoins are gaining momentum. With a steady growth in the TRX price, Tron continues to be a constant member of the top gainers chart. 

Currently trading at $0.097, Tron shows an intraday growth of 0.88% and projects a bullish engulfing candle. Further, the intraday growth challenges the overhead resistance trendline to give a bullish break of the rising channel. 

On a side note, with the recent 15% growth in the past three weeks following the $0.084 zone retest, the investors’ demand for Tron seems at its peak. 

Technical Indicators:
MACD Indicator:  The rising MACD and signal lines continue to head high, with strong histograms teasing a bullish break. 

EMA: The 50-day and 200-day continue to rise higher in a bullish alignment to support any shortcomings in trend momentum. 

Will TRX Price Reach $0.10?

With the market-wide recovery, the TRX price trend projects a high possibility of a bullish trend continuation. Further, the ongoing battle at the overhead resistance trendline may soon result in a breakout rally to reclaim the $0.10 mark. In such a case, the breakout can reach the $0.12 mark. 

Conversely, a reversal rally from the $0.10 mark can result in a price fall to the 50-day EMA at $0.0884.