Tron TRX Price Prediction for 2019

Tron TRX Price Prediction for 2019

TRON TRX is a highly ambitious project aiming to establish a truly decentralized Internet. If you are wondering what that involves or simply What is Tron trx and price prediction? then you have come to the right place as this guide is packed full of useful trx price info. "Tron TRX Price Prediction for 2019"

Tron TRX Price Prediction for 2019

The TRON protocol is among the biggest blockchain-based operating systems worldwide, is highly scalable, has high throughput, and is able to support a wide range of decentralized applications in its ecosystem.

TRON also acquired BitTorrent in July 2018 to further its mission of creating a decentralized ecosystem.

TRON’s native token TRX is currently the world’s 10th largest cryptocurrency with a market cap of more than $1.5 billion (as of March 10, 2019).

A look at the Weekly Tron trx chart in logarithmic form shows that price is following a descending support line and is currently trading at $0.027.

The next resistance support areas are at $0.035 and $0.06 respectively. The relative strength index (RSI) is at 50, indicating neither overbought nor oversold conditions.

However, the MACD chart has made a bullish cross and is almost positive.

Tron Price is above the 7-period moving average but is facing resistance from the 21-period MA and the Ichimoku cloud.

Given this information and the length of the previous move, I believe the Tron price will eventually break the $0.035 resistance level, and head to the other resistance area at $0.06, which coincides with the Ichimoku Cloud. This move should end in September 2019.

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