TRON Price Prediction: Long-term (TRX) Value Forecast – June 29


• The bulls are back in control of the long-term outlook.
• Traders may consider buying with bullish reversal candlestick pattern as confirmation

TRX/USD Long-term Trend: Bullish

Supply zone: $0.0500, $0.06000, $0.0700
Demand zone: $0.01000, $0.00800, $0.00600

Tron long-term outlook continues in a bullish trend. The predicted target at $0.04000 in the supply area of the channel was attained on 25th June. This was a retest of the high the coin attained on 2nd June.

The formation of a bearish spinning top signaled a trend reversal as the bears gradually took control of the market.

Price fell initially to $0.03419 and thereafter to $0.03016 in the demand area below the lower trendline due to the downward momentum that was lost due to rejection at the 50-EMA.

Price is above the 50-EMA and the lower line of the channel an indication that the bulls are back in control of the market. The journey back to the $0.04000 and subsequently to $0.04200 at the upper line of the channel may occur in the new week.

A minor pullback may occur but traders may take advantage and buy low at bearish exhaustion areas.

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

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

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Author: Azeez Mustapha

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