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Tron price surrounded with positive pressures - Analysis - 04-08-2025
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Tron price surrounded with positive pressures - Analysis - 04-08-2025
Aug 4, 2025 8:56 AM

TRONs price (TRXUSD) continued to climb in recent intraday trading, supported by sustained movement above the 50-period simple moving average, which acts as dynamic support and reinforces the positive trend. This rise is further backed by trading along a primary ascending trendline on the short-term chart, alongside positive signals from the Stochastic indicators, despite entering extreme overbought territory.

Therefore, we expect the cryptocurrencys price to continue rising in upcoming intraday sessions, as long as support at $0.32080 holds, targeting the resistance level at $0.34304.

Expected trend for upcoming sessions: Bullish.

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