CandleFocus TRON Is Holding Above $0.16 And Remains In An Uptrend
2024-10-28
Author: Content Editor
The price of TRON (TRX) has been slowly increasing and is currently trading above the moving average lines. The long-term forecast for TRX is bullish. However, the coin has been struggling to break above the $0.17 resistance level for the past two months, resulting in a sideways trend. Traders are uncertain about the market direction as indicated by the formation of doji candlesticks. While the moving average lines on the daily chart suggest a sideways trend, the 4-hour chart shows an uptrend. The key resistance zones for TRX are $0.13, $0.14, and $0.15, while the key support zones are $0.10, $0.09, and $0.08. TRON's current value is $0.164.
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