Compared to what happened in the last 24 hours, the bullish indicators in the crypto market are feeble with few coins showcasing progressive run. In spite of the double-digit gain made by TRON yesterday, the cryptocurrency has been waylaid by the forces of the bear today.
Nevertheless, Bitcoin remains in green, priced above $ 9,300 at press time, and TRON keeps floating above psychological support of $ 0.01770, a good reason not to be bearish on the digital asset.
Similarly, a cryptocurrency analyst with “all-time top author” tag on TradingView has said the long-term target of the cryptocurrency, against Tether, is 615% growth.
Known with pseudo name Alanmaster on the investment tracking platform, the analyst made the prediction while evaluating the present trend of TRON in the market.
Analyst Alanmaster illustrated that TRON has hit the green resistance at $0.017 price on the upside trend.
He said TRON, on the daily chart, looks very bullish but the trading volume of the cryptocurrency is still low, signifying low strength of buying pressure possible of thrusting TRX price.
Nevertheless, Alanmaster averred that the bull will have a greater chance of taking over the market and make TRX price rally upward as soon as a higher low and a break above EMA10 is formed.
The TradingView top analyst proclaimed that a long-term bullish run should be expected as long as TRX, against USDT, is valued above $ 0.01160257.
TRON (TRX) Intraday Price Analysis
At press time, a unit of TRX asset is priced $ 0.018656 after losing about 1.1% of its value in the last 24 hours.
Yesterday, TRON (TRX) was close to hitting $ 0.2 resistance after crossing the $ 0.019 level twice. The cryptocurrency, built with the aim of making the internet decentralized, afterward failed to maintain its stay around this level, falling below $ 0.9 level.
Yet, TRON keeps the $ 0.0175 point as its strong support level, giving a strong indication that the bulls can still reappear.