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TRON Price Prediction: Long-term (TRX) Value Forecast – April 28



  • The long-term outlook continues in the range.
  • The bulls may have returned within the range.

TRX/USD Long-term Trend: Ranging

Supply zone: $0.0400, $0.05000, $0.0600
Demand zone: $0.01000, $0.00800, $0.00600

Tron long-term outlook continues in a range-bound market. The bears’ pressure continued dominance within the range with the break of the lower demand area at $0.02270.TRXUSD dropped further to $0.02237. The lower demand area was broken twice but closed within the range.

The bullish engulfing candle formed on 26th April was a signaled of the bullish comeback as price rose to price $0.02500 in the supply area.

With the signal of the stochastic oscillator pointing up at 30%. This suggests an upward movement in the cryptocurrency within the range in the long-term.

TRXUSD is in consolidation and trading between $0.02800 in the upper supply area and at $0.02270 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area followed by a retest may occur hence patience is required to allow this to happen before a position is taken.

The views and opinions expressed here do not reflect that of and do not constitute financial advice. Always do your own research.

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