Tron Price Analysis: strong resistance at $0.1191

  • Volatility is almost constant.
  • Strongest resistance at $0.1191
  • Strongest support at $0.0999

Tron Price Analysis indicates that on 21 November 2021, the market experienced a flash-crash, then it gradually declined. On 22 November 2021, the prices experienced another flash-crash before declining once again. After this, the price started rising progressively until 23 November 2021.

Tron Price analysis chart 4-hours: constant volatility

The Tron Price analysis chart shows that the volatility is constant, which means that the price of investments will not experience variable change as the moving average crosses over the TRX/USD price, so the market trend is bullish. Since the market trend is bullish and the volatility is constant so the prices will likely go up.

TRX/USD 4-hour price analysis chart source: Trading view

Tron Price analysis chart has specified that the upper limit of the Bollinger’s band is at $0.1085, also known as resistance and the lower limit of Bollinger’s band is at $0.0999 also known as the support. The Relative Strength Index (RSI) is at 43, implying that the investments are neither undervalued nor oversold. They rest in the middle showing no signal since the market trend is bullish, so it is highly likely that the value of the assets will increase.

TRX/USD 1-day price analysis chart: increasing volatility

The Tron Price analysis chart shows us that the market’s volatility is increasing; however, it is rising slowly. The moving average curve crosses above the TRX/USD price so that the trend will be bullish. Due to the movement being bullish and the market being volatile, the value of the assets will likely rise. However, due to the market being volatile, the price could also decline.

Tron Price Analysis: strong resistance at $0.1191 2
TRX/USD 1-day price analysis chart: Trading view

Tron price analysis shows that the upper limit band of Bollinger’s band is at $0.1191, which is also known as the resistance and the lower limit of Bollinger’s band is at $0.0965 also known as the support. The Relative Strength (RSI) rests at 46, which implies that it is in the middle of the two extremes, neither undervalued nor oversold. The volatility of the market is Increasing, and the trend is bullish. This implies that the value of the assets will likely escalate however it is equally likely that the price will plunge.


Tron Price Analysis: conclusion

The Tron Price Analysis concludes that we have observed the current behavior of the cryptocurrency is following a relatively bullish trend. The chart analysis shows that with the steady bullish momentum, it is predicted that cryptocurrency will soon enter the $0.1200 mark range, but if the current support fluctuates, we may see a decline in the prices as far as $0.0900.

We have observed that the current stable resistance lies between $0.1081 to $0.1191. Through the examination of the trend of the market, we have deduced that the bulls are dominating the market, and the bears are losing their grip on the market.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.