TRX Stagnant Below $0.065 Level, TAMA Explodes Skywards

The Tron price prediction reveals that TRX may find a halt at $0.063 as the price is down by 1.24% over the last 24 hours.

Tron Prediction Statistics Data:

Tron price now – $0.063
Tron market cap – $5.9 billion
Tron circulating supply – 92.3 billion
Tron total supply – 92.3 billion
Tron Coinmarketcap ranking – #16

TRX/USD Market

Key Levels:

Resistance levels: $0.070, $0.072, $0.074

Support levels: $0.060, $0.058, $0.056

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TRX/USD price may continue to drop further lower if the coin finds support at the $0.062 level. However, during the European session, TRX/USD touches the resistance level of $0.065 above the 9-day and 21-day moving averages before falling back below the $0.064 level. At the moment, if the bears continue to push the market further lower, immediate support below the $0.062 level may be located. Beneath this, further supports may be found at $0.060, $0.058, and $0.06 respectively.

TRX Price May Slide to the Downside; TAMA Heads to the North

As the daily chart reveals, if the buyers can hold the support at $0.63 and the Tron price begins to climb higher, bulls may expect immediate resistance to be located at $0.064, which is above the 9-day and 21-day moving averages. However, moving a little bit higher may locate the higher resistance levels at $0.070, $0.072, and $0.074. Meanwhile, the technical indicator Relative Strength Index (14) is seen crossing below the 50-level, which shows that the market may follow the bearish movement.

Against Bitcoin, the Tron is trading below the 9-day and 21-day moving averages. Therefore, in as much as the price actions remain below this barrier, Tron may perpetually be under the control of a bear. Meanwhile, traders need more strong and more consistent resistance to keep the price from the bear run.

However, with the current movement in the daily chart, if the price crosses above the 9-day and 21-day moving averages, it could reach the potential resistance level at 330 SAT and above. Moreover, if the market price continues to move lower, it may hit the critical support at 270 SAT and below as the technical indicator Relative Strength Index (14) moves around the 40-level.

The Tamadoge team said that the move aims to make investing in TAMA easy and safe. These users can be confident in transferring fiat into crypto, hence the need for Tamadoge to secure this deal with Transak. One of the strongest pillars of any project in the web 3.0 & crypto sector is having a solid team to see the project succeed. The TAMA website has revealed Thomas Seabrook as the Tamadoge lead developer and Carl Dawkins as the head of growth. The other members of the Tamadoge team include Neil Palethorpe and Siphamandla Mjoli, who have joined as the Senior Interaction Designer and the Senior Blockchain Developer, respectively.

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