Tron (TRX) Price Analysis – April 22
When the price of Tron was compared with the first day of April till now, the bulls still have a lot to do.
Resistance levels: $0.015, $0.016, 0.017
Support levels: $0.010, $0.009, $0.008
Tron (TRX) is moving up a little bit as seen on the daily chart. The coin took a leap after having 2 days consecutive bearish trend yesterday and started dealing at $0.0128 at the time of writing. The coin began an upward movement yesterday where it moved from $0.0123 and continued until today that it gives a surprising upsurge in the market by touching $0.0131 in the early hours of today. At the moment, Tron price continues to move sideways within the channel and trading at $0.0128.
However, in the scenario where it maintains the upward movement above the 9-day and 21-day moving averages, the buyers may likely find the resistance levels at $0.015, $0.16 and $0.17. Conversely, the sellers may have potential supports at $0.010, $0.009 and $0.008 as the RSI (14) moves above 50-level to support the bullish movement.
Against Bitcoin, Tron (TRX) is seen following the same direction within the channel, the price action has remained intact within the moving averages. As the trading volume is low, if the selling pressure resumes, the TRX price variation may likely begin the downtrend. For now, the RSI (14) is moving below level 50 as the coin moves in sideways.
However, TRX/BTC is currently hovering at the 183 SAT. We can expect close support at the 165 SAT before breaking to 155 SAT and potentially 145 SAT levels. More so, if the coin continues to move and validates a break above the moving averages; traders can then confirm a bull-run for the market and the closest resistance levels lie at 195 SAT, 205 SAT, and 215 SAT.
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