Tron [TRX] Price Prediction, Technical Analysis – August 22

Tron TRX the 12th largest cryptocurrency by market capitalization as per Coinmarketcap is currently trading at $0.021633 (+5.56%) while writing this post. The 24h High for TRX is $0.02234 and 24h Low is $0.01996.

Today it jumped +6.37% within hours showing a bullish trend. Recently TRON developer meet held in San Francisco on 16th August.

Tron Price Prediction and Technical Analysis

The 10-day Exponential Moving Average for Tron is 0.02152100 while 20-day EMA is 0.02384298. Both these data recommends selling. The 50-day EMA is 0.03105160. But while looking at the 10-day Simple Moving Average is 0.02039888 which tells to buy.

Tron Price Prediction and Technical Analysis – 22nd August (Binance)

But if we look at the 1h forecast it shows that Tron is in a bullish move. The Exponential Moving Average (10) is 0.02116518 while Exponential Moving Average (20) is 0.02100503. Both the EMA (10) and EMA (20) shows a buy signal.

Data as per TradingView

Also, the Simple Moving Average (10) is 0.02110137 showing a bullish move is coming. The MACD level (12, 27) is 0.00013160 which is above zero line showing a buy signal. So as per the 1h Tron forecast and all the technical details together shows a buy signal.

This article should not be considered as an investment advice. Please conduct your own research before investing in any cryptocurrency.