Tron (TRX) Price Analysis – April 15
Since a few days ago, Tron (TRX) is yet to display a significant bullish move as the market continues to move in sideways.
Resistance levels: $0.015, $0.016, 0.017
Support levels: $0.009, $0.008, $0.007
TRX/USD remained indifferent as the last few days were extremely bearish, wherein the price fell from $0.013 to $0.011. Today, the price has gone up to $0.128 before dropping to $0.124. The daily price has been trending below a 9-day moving average as the trading volume decreases. Meanwhile, as TRX/USD remains in an unstable market, a price surge is more likely to play out.
However, for an upsurge, the Tron price is likely to meet the nearest resistances at $0.015, $0.016, and $0.017 before we can see consider more levels for the trade. A down surge, however, could plummet the market to $0.009, $0.008 and $0.007 supports after a possible break at $0.010. The RSI has maintained trading in sideways and moving below the 50-level, showing an indecisive movement.
Against Bitcoin, TRX is currently changing hands at 185 SAT and if the bulls can hold the price tight as it is, the next key target price lies at 198 SAT and 208 SAT respectively. Reaching these levels may likely move the market to the 218 SAT level. Meanwhile, RSI (14) is trying to move above 50-level and may likely give some possible bullish signals for the next few today.
However, if the bulls failed to push the price to the nearest resistance, the market could resume its bearish trend. More so, Tron price may likely see a sharp drop at 170 SAT support level if it moves below the 9-day and 21-day moving averages. Breaking this level could further push the market to the nearest support levels at 168 SAT, 158 SAT, and 148 SAT.
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