Home NFTs TRX May Spike Above $0.065 Resistance; Invest in TAMA today!

TRX May Spike Above $0.065 Resistance; Invest in TAMA today!

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The Tron price prediction shows that TRX is ready to renew the bullish trend after trading near the 9-day moving average.

Tron Prediction Statistics Data:

  • Tron price now – $0.059
  • Tron market cap – $5.5 billion
  • Tron circulating supply – 92.3 billion
  • Tron total supply – 92.3 billion
  • Tron Coinmarketcap ranking – #15

TRX/USD Market

Key Levels:

Resistance levels: $0.065, $0.067, $0.069

Support levels: $0.055, $0.053, $0.051

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TRX/USD regains ground to touch the daily high at $0.060 during the European session today. The Tron price is currently changing hands at $0.059 and with the recovery; the coin is now facing the upside aiming to cross above the 9-day moving average.

Would Tron Price Move to the Upside as Tamadoge Trades Bullishly?

The Tron price is moving towards the resistance level of $0.065 while the initial move above the 21-day moving average could boost the price further up. Although, Tron (TRX) heads to the upside before retreating to where it is currently trading. Looking at the coin from above, more bullish movements may come into play if the Tron price moves to cross above the 21-day MA, the nearest resistance level could be found at $0.060

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In the meantime, traders can see that the daily movement remains in the hands of the bulls as the technical indicator Relative Strength Index (14) moves to cross above the 40-level. Meanwhile, a break above the $0.063 level may most likely push the coin towards the potential resistance levels of $0.065, $0.067, and $0.069 while a drop below the lower boundary of the channel may lead to the supports of $0.055, $0.053, and $0.051 respectively.

Against Bitcoin, the Tron price is seen falling slightly towards the 9-day and 21-day moving averages. After the coin touches the daily high at 322 SAT today, the coin later retreated to the low of 310 SAT. Meanwhile, the price may follow the upward movement as the buyers are ready to put pressure on the market.

TRXBTC – Daily Chart

Moreover, should the sellers return to the market, the Tron price may drop to the support of 290 SAT and below. At the moment, the technical indicator Relative Strength Index (14) moves to cross above the 40-level as the market is ready to face the upward movement in the next positive direction while the resistance level could be located at 350 SAT and above.

Tamadoge, an ERC-20 token, will also have its initial DEX offering (IDO) on Uniswap. TAMA is set to list at $0.03. As the Tamadoge presale sold out earlier than expected, the team is reportedly moving forward with all TAMA crypto exchange listings to take place in the coming days.

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