TRON (TRXUSD) is preparing to attack a pivotal resistance – Analysis – 20-05-2025 $TRX
The price of TRON (TRXUSD) has stabilized with an increase during its recent intraday trading, after successfully overcoming the negative pressure of the simple moving average for the 50-period, preparing to attack the pivotal resistance level of $0.27910675, amid the dominance of the bullish trend in the short term and its trading along a trend line, with positive signals emerging from the relative strength indicators, despite reaching areas of extreme overbought conditions.
Therefore, our expectations indicate a rise in the price of the currency during its upcoming trades, especially if it breaks the resistance of $0.27910675, targeting its next resistance at a price of $0.29338922.
Expected trend for the upcoming trades: Bullish
The price of TRON (TRXUSD) has stabilized with an increase during its recent intraday trading, after successfully overcoming the negative pressure of the simple moving average for the 50-period, preparing to attack the pivotal resistance level of $0.27910675, amid the dominance of the bullish trend in the short term and its trading along a trend line, with positive signals emerging from the relative strength indicators, despite reaching areas of extreme overbought conditions.
Therefore, our expectations indicate a rise in the price of the currency during its upcoming trades, especially if it breaks the resistance of $0.27910675, targeting its next resistance at a price of $0.29338922.
Expected trend for the upcoming trades: Bullish
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TRX
0.2739
+3.43%