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



Tron Price Prediction and Technical Analysis
Source: Tron

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

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.

tron trx technical analysis as per moving averages and Oscillators

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.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.