CandleFocus TRON Rises Again But Faces The $0.155 Barrier
2024-09-09
Author: Content Editor
The price of TRON (TRX) has fallen below the 21-day moving average and is currently trapped between the moving average lines. If the bulls are able to break above the 21-day SMA resistance, TRON will resume its uptrend and potentially rise to a high of $0.17. However, if the $0.17 level is breached, the altcoin will continue to rise. If the price fails to sustain above the 21-day SMA, TRON could trade in a narrow range for a few days. TRON's current value stands at $0.152. The Doji candlesticks on the 4-hours chart indicate traders' indifference to the direction of the market, which will influence the upward or downward movement of the price.
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