TRON (TRX) Price Analysis: TRX hovers between moving averages, faces rejection at $0.17 high

TRON Price Long Term Prediction: Bullish buyers made two unsuccessful attempts to keep the price above the overhead resistance. Selling pressure eased as the altcoin returned above the 50-day EMA support but fell below the 21-day EMA resistance. The cryptocurrency is hovering between the moving averages as it is stuck between them. If it breaks above the 21-day EMA barrier, TRON will resume its uptrend. If it loses the 50-day EMA support, TRON will drop to lows of $0.15. The altcoin is valued at $0.16 and is trading between the moving averages. TRON Indicator Analysis Even though the moving average has moved away from recent highs, the moving average is still trending upward. The price line is bounded between the moving averages. This caused the cryptocurrency to remain stationary between the moving averages. According to price analysis from Coinidol.com, TRON will trend downward once it breaks one of the moving averages. Technical Indicators Major Resistance Areas: $0.13, $0.14, and $0.15 Major Support Areas: $0.10, $0.09, and $0.08 What’s Next for TRON? On the 4-hour chart, TRON has fallen below the moving average. Drops are expected to reach a low of $0.156. TRON is currently trading slightly above the $0.16 support. Selling pressure has been exhausted above current support levels. However, if the altcoin loses the current support, it will drop to $0.156.

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The price of TRON (TRX) has fallen between the moving average lines and faces rejection at the $0.17 high. From the technical indicator, buyers made two unsuccessful attempts to keep the price above the overhead resistance. Selling pressure eased as the altcoin returned above the 50-day SMA support but fell below the 21-day SMA resistance. The cryptocurrency is fluctuating as it is trapped between the moving average lines.

The price of TRON (TRX) has fallen between the moving average lines and faces rejection at the $0.17 high. From the technical indicator, buyers made two unsuccessful attempts to keep the price above the overhead resistance. Selling pressure eased as the altcoin returned above the 50-day SMA support but fell below the 21-day SMA resistance. The cryptocurrency is fluctuating as it is trapped between the moving average lines.

If TRON breaks above the 21-day SMA barrier, it will resume its uptrend. TRON will fall to a low of $0.15 if it loses its 50-day SMA support. The altcoin is valued at $0.16 and is trading between the moving average lines.

If TRON breaks above the 21-day SMA barrier, it will resume its uptrend. TRON will fall to a low of $0.15 if it loses its 50-day SMA support. The altcoin is valued at $0.16 and is trading between the moving average lines.

The moving average lines are still trending upwards even though they have moved away from the recent high. The price bars are confined between the moving average lines. This causes the cryptocurrency to remain stationary between the moving average lines. According to price analysis by CoinIdol.com, TRON will trend down as soon as one of the moving average lines is broken.

The moving average lines are still trending upwards even though they have moved away from the recent high. The price bars are confined between the moving average lines. This causes the cryptocurrency to remain stationary between the moving average lines. According to price analysis by CoinIdol.com, TRON will trend down as soon as one of the moving average lines is broken.

Technical Indicators

Technical Indicators

Key Resistance Zones: $0.13, $0.14, and $0.15

Key Resistance Zones: $0.13, $0.14, and $0.15

Key Support Zones: $0.10, $0.09, and $0.08

Key Support Zones: $0.10, $0.09, and $0.08

What is the next move for TRON?

What is the next move for TRON?

TRON has fallen below the moving average lines on the 4-hour chart. The decline is forecast to reach a low of $0.156. TRON is currently trading just above the support level of $0.16. The selling pressure has exhausted itself to the downside above the current support level. However, should the altcoin lose its current support, it will fall to $0.156.

TRON has fallen below the moving average lines on the 4-hour chart. The decline is forecast to reach a low of $0.156. TRON is currently trading just above the support level of $0.16. The selling pressure has exhausted itself to the downside above the current support level. However, should the altcoin lose its current support, it will fall to $0.156.

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