TRON Price Prediction TRX/USD Sets Sights on $0.0220 in the Short Term

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TRON Price Prediction: TRX/USD Sets Sights on $0.0220 in the Short Term: a blog about Tron and its price prediction.

TRON price analysis shows that the coin has lost value in the last 24 hours but is still holding on above its immediate support at $0.0218.

TRON (TRX) Price Today – TRX / USD

Name Price 24H (%)$52,607.00 0.00%

The Foundation of TRON announced that it will be launching a decentralized exchange via its official website. This is a major development for the coin as it will encourage more users to join the network. The launch of the decentralized cryptocurrency exchange is expected to be a game-changer for TRON because it will make it easier for users to trade cryptocurrencies without having to pay any fees or register with any third party service provider before they can trade their digital assets. The decentralized exchange will also give users full control over their funds and allow them to have total privacy while trading on the platform.

In addition to this, there are rumors that the foundation behind TRON might be working on a partnership with Samsung which could boost adoption and improve on the value of TRX in the short term. Samsung’s

TRON Price Prediction: TRX/USD Sets Sights on $0.0220 in the Short Term: a blog about Tron and its price prediction.

The TRX/USD pair continues to consolidate, as the bulls and bears battle for a clear direction in the short term. The market is likely to experience more consolidation between levels $0.0200 and $0.0220 in the next few trading sessions.

The technical picture shows that bulls are still having a hard time stepping above the $0.0220 resistance level in the short term. Failure to break above this critical level may result in a fall towards the $0.0200 support level in the short term.

On the upside, if bulls can step above the $0.0220 resistance level, buyers will have a chance of testing the $0.0250 resistance level in the short term.

IntoTheBlock’s “Global In/Out of the Money” (GIOM) model is showing that bulls need to gather momentum around current levels for TRX/USD to continue moving higher towards its next significant barrier of around $0.0250.

It’s vital for buyers to hold above the $0.02060 support level to avoid a retest of

TRON has been on a decline since the beginning of May 2019. The price of TRX is following a downtrend, and the cryptocurrency has lost 6.5% of its value in the last 24 hours.

TRX/USD: Previous Price Analysis

Price Analysis (May 24)

Tron (TRX) is trading at $0.0186, which is a 6.5% decline in the last 24 hours and a tall order to recover from in the short term. The bulls have had a debacle so far this week following the inability to defend their position below $0.0200. This development exposed the market to more losses as it broke below $0.0190 and $0.0185 support levels respectively.

TRX/USD Medium-term Trend: Bearish (4H Chart)

The bears have regained control of the market after breaking below $0.0190 support level on Wednesday, May 22, 2019. The market has continued to make bearish moves until now as it breaks below $0.0185 support level today; May 24, 2019.

Short-term Trend: Bullish (1D Chart)

TRON price is trading in an uptrend in its medium-term outlook but in a downt

After a brief correction at the start of the week, Tron [TRX] is now trading within a tight range above $0.0200. The ongoing consolidation looks set to end in the short term as the market continues to recover from last month’s dip.

TRON Price Analysis Overview

The TRX/USD pair has been in a bullish consolidation mode during the past few days. The 4-hour timeframe shows that the market is clearly anchored above the ascending trendline. At the same time, a bullish pennant pattern has emerged on the 4-hour chart showing that bulls are gathering momentum for the next leg upward.

The RSI indicator is hovering around the midline, which means there is still room for further price action in either direction on shorter timeframes before we witness a significant move.

The MACD indicator is trending upwards, which means buyers have an upper hand over sellers as of this writing.

The TRON community is on the edge of its seat, awaiting a flurry of announcements that are rumored to be coming in the very near future.

TRON founder Justin Sun shared his perspective on what he believes will be the key topics of discussion in the blockchain space during 2020. He believes a focus on governance, chain interoperability, and Layer-2 solutions will emerge as some of the most important factors for blockchain projects moving forward.

TRX/USD has been in a strong uptrend since the middle of December 2019, which has seen its price rally from $0.0040 to $0.0190 at its highest point. The cryptocurrency has been achieving higher lows and higher highs throughout this period and has now broken above a long term bearish trend line that had formed following the all-time high price at $0.30 in January 2018.

The technical indicators are still giving bullish readings despite the recent correction over the past two days. The RSI remains above 50, and the MACD is still holding above its neutral midline and rising towards its positive crossover point, suggesting further gains ahead for TRX/USD.

The cryptocurrency market is back in the green with double-digit gains across the board.

The total market cap is up $10 billion over the last 24 hours and looks ready to test the $115 billion mark.

TRON is still in ninth position following its recent rally with a 16% increase on the day. TRX/USD is trading at 54 cents at the time of writing after surging from a low of 30 cents on Monday morning. The 61.8% Fibonacci retracement level has been tested and held over the past couple of days but it remains to be seen whether we can push higher to retest the previous high at 82 cents.

TRON (TRX) is an ambitious project dedicated to building the infrastructure for a truly decentralized Internet. The Tron Protocol represents the architecture of an operating system based on the blockchain which could enable developers to create smart contracts and decentralized applications, freely publish, own and store data and other content.

TRON supports various kinds of blockchain networks and smart contract systems, including bitcoin, Ethereum, EOS, Qtum, and other public blockchain smart contracts, provides developers with multiprotocol infrastructure for entertainment app development, and allows users to enjoy smooth multiprotocol smart networks.

TRON was founded by a non-profit Singapore-based foundation called the Tron Foundation. Its CEO is Justin Sun and its CTO is Lucien Chen.

TRON’s official website is The Reddit community for TRON is /r/Tronix and the currency’s Github account can be viewed here. TRON’s official Twitter account is @Tronfoundation and its Facebook page is accessible here. The official website for TRON is[7] The official message board for TRON is[8] The Reddit community for TRON is /r/Tron

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