The last time we made a global forecast for Tron cryptocurrency was in May of this year. Our TRX forecast was released less than two weeks before the price collapse in the crypto market began. At that time, most investors were expecting a confident continuation of growth and few believed in the scenario of the market fall by 70-80%. But the fall in May showed all market participants that trading without experience and risk observance is deadly. The TRON price managed to fall by -65%, appreciate the fulfillment of the previous scenario by clicking on the picture:
Tron buyers rehabilitated
Over the past two months, the Tron cryptocurrency price has been growing uncorrected, and almost worked out all the losses.
Over the past few days, the TRX price has been trading in the 20% corridor of $0.10-0.12, and most likely, buyers are preparing for another upward impulse.
We assume that growth slowdown may start in the range of $0.13-0.144, which will fully compensate for the May fall. A slowdown in this zone can be triggered by the fact that traders who have spent 5 months in a drawdown will simply want to fix without a loss and forget this negative experience. To confirm their strength, buyers should at least not let the TRX price fall below $0.10 in the next few days, and as a maximum to fix above $0.12. If you are interested in active crypto trading with minimal risks – join our trade marathon!
Critical point for the TRX market is $0.130-0.144 range
If critically high trading volumes are not recorded in the $0.130-0.144 zone, then this will be a signal that the time for sales has not come yet, and the growth itself may continue at low volumes, as has been done in recent months.
The targets for the movement above are shown on the chart – $0.155 and $0.169.
TRXBTC price is waiting for a signal for global growth
The continued growth of the Tron cryptocurrency is also possible through a positive situation on the TRXBTC chart. Buyers managed to break the global trend line that has not released TRX from the consolidation triangle since May 2018. Though, the breakdown did not happen in high volumes. In addition, after this breakout, the price did not start an aggressive growth wave. Therefore, before the start of the new rally of the TRX cryptocurrency, buyers are waiting for a strength test.