TRON (TRX) holds the 17th position on CoinGecko right now. TRX price prediction 2022 is explained below with a daily time frame.
The above chart of TRON (TRX) laid out the descending triangle pattern. This pattern is often regarded as a characteristic of a bearish trend. It is formed by the upper trend line that connects the highs and a horizontal trend line connecting lows converges to form a triangle. If the price action breaches the lower support level, the bearish trend would be sustained.
Generally, descending triangle pattern indicates the reversal of an uptrend or the continuation of the downtrend. Traders keenly look out for a significant breakout point.
Currently, TRON (TRX) is in the range of $0.06850 If the pattern continues, the price of TRX might reach the resistance levels of $0.08775, $0.12325, and $0.17770. If the trend reverses, then the price of TRX may fall to $0.05071.
TRON (TRX) Support and Resistance Levels
The chart below shows the support and resistance levels of TRON (TRX).
Resistance Level 1 – $0.07173
Resistance Level 2 – $0.09071
Resistance Level 3 – $0.12225
Resistance Level 4 -$0.15347
Support Level 1 – $0.05151
Happy Trading!
The above chart of TRON (TRX) laid out the descending triangle pattern. This pattern is often regarded as a characteristic of a bearish trend. It is formed by the upper trend line that connects the highs and a horizontal trend line connecting lows converges to form a triangle. If the price action breaches the lower support level, the bearish trend would be sustained.
Generally, descending triangle pattern indicates the reversal of an uptrend or the continuation of the downtrend. Traders keenly look out for a significant breakout point.
Currently, TRON (TRX) is in the range of $0.06850 If the pattern continues, the price of TRX might reach the resistance levels of $0.08775, $0.12325, and $0.17770. If the trend reverses, then the price of TRX may fall to $0.05071.
TRON (TRX) Support and Resistance Levels
The chart below shows the support and resistance levels of TRON (TRX).
Resistance Level 1 – $0.07173
Resistance Level 2 – $0.09071
Resistance Level 3 – $0.12225
Resistance Level 4 -$0.15347
Support Level 1 – $0.05151
Happy Trading!
