Tron (TRX) Daily Price Forecast – December 24th

TRX / USD Medium-term trend: bullish

Supply Zones: $ 0.03000, $ 0.04000, $ 0.04500
Application areas: $ 0.01000, $ 0.00900, $ 0.00800

TRX remains in a bullish trend in its medium-term prospects. The strong bullish pressure continued to generate unique highs in the supply area, especially after a withdrawal. On December 21, TRXUSD reached a maximum of $ 0.02310.

Today's four-hour spark plug $ 0.02140 saw the momentum increase while the TRXUSD rose initially to $ 0.02300 and subsequently to $ 0.02430 in the supply area.

The price remains above the two EMA crossovers that are fanned out, which implies strength in the context of the trend and in this case the uptrend. The stochastic oscillator is located in the overbought region at 82% and its signal is pointing up, suggests a further price acceleration in the medium term.

A slight downtrend may occur, but the bullish pressure remains strong.

Short-term trend TRX / USD: bullish

The cryptocurrency continues in an uptrend in its short-term outlook. The bulls enjoyed a nice ride north. TRXUSD had an upward structure of higher highs and higher bass formation.

After a low opening at $ 0.02131, the bulls pushed the cryptocurrency up to $ 0.02430 in the supply area.

Bears are currently in control to create another low before the bulls return for another new high in the short run.

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