TRON (TRX) price is currently fluctuating between moving average lines and has faced rejection at the $0.17 high. Buyers have made unsuccessful attempts to keep the price above resistance levels, but selling pressure has eased. If TRON breaks above the 21-day SMA barrier, it could resume its uptrend, but if it loses its 50-day SMA support, it could fall to a low of $0.15. The altcoin is currently valued at $0.16 and trading between the moving average lines. According to Coinidol.com's price analysis, TRON is expected to trend down if one of the moving average lines is broken. Key resistance zones are $0.13, $0.14, and $0.15, while key support zones are $0.10, $0.09, and $0.08. On the 4-hour chart, TRON has fallen below the moving average lines and the decline is forecasted to reach $0.156. However, the selling pressure has exhausted itself for now. This analysis and forecast are the author's personal opinions and not a recommendation to buy or sell cryptocurrency.
- Content Editor ( coinidol.com )
- 2024-11-09
TRON Stops Above $0.16 And Risks Further Declines