TRON (TRX) Initiates a Bullish Rally; Touched $0.013 in a Day
TRON has registered a hike of as high as 9.48% in the last 24 hours, and its value has moved from $0.0126 to $0.0138. A similar pattern can be seen on the market cap front as well. A continuation of the current trend may remain intact for some time.
After facing a huge decline on March 30, the TRX coin continued to trade upwards with a slow and steady momentum. Today, it faced rejection above $0.014 mark, but as per the current trend, TRON price may cross this level soon.
TRX Price Prediction
Yesterday, TRON opened the day at $0.012611, and in the next 6 hours and 54 minutes, it was boomed by 4.64% and touched $0.013197. After that, it was followed by another price hike that added 6.32% in the value and placed the TRX coin price near $0.013745 by 19:12 UTC. Later, the coin faced a moderate loss and touched $0.01341, but from this price point, it marked a sharp upward move and reached $0.014162. However, from this high, TRON price faced slight correction and fell to $0.01380 at the time of writing this analysis.
The current value of TRX coin at $0.013807 lacks support from 20 days MA ($0.013842) and 50 days MA ($0.01386). The RSI stands below 50 points and is tilted downwards. On the downside, TRON coin might breach its crucial support at $0.01294. However, if it continues to exhibit upward momentum, it may cross $0.0143 in the upcoming days.