The price of TRON has gained momentum and surpassed the $0.144 resistance.

The price of cryptocurrency reached a peak on February 26 at $0.144. The $0.144 barrier has been a major obstacle for buyers in recent months. The $0.144 barrier forced altcoins to trade in ranges.

TRX long-term price prediction: bullish

TRON began its upward movement on August 19. TRON's signal price indicates that the upward movement will continue.

TRON's signal price has continued to move upward. A retraced body of a candle approached the Fibonacci 50% retracement during the July 8 rise. The retracement indicates that the price is likely to continue rising until it reaches $2.0 or $0.186, the Fibonacci extension high. Altcoin was worth $0.159 as of the writing.

TRON indicator reading

On August 14, the price bar of the daily chart re-appears above the moving average line. The horizontal moving-average lines are sloped upwards, which indicates an uptrend.

Technical Indicators

Key supply zones: $0.13. $0.14. $0.15

Key demand zones: $0.10 $0.09 $0.08

What's the next step for TRON?

The sideways TRON trend is broken, and the bulls are now able to break through the resistance above $0.144. Since July 13, TRON has been trading in a $0.11-$0.14 range. The bulls have broken through this range today and continue the uptrend of the cryptocurrency. TRON's price is expected to rise to a high of $0.18-$0.20.

Disclaimer. Disclaimer. This analysis and forecast is the personal opinion of the author. These are not recommendations to buy or trade cryptocurrency, and should not be seen as endorsements by CryptoGuestPosts. Before investing in funds, readers should conduct their own research.