Before breaching above the moving average lines, the price of TRON (TRX) challenged the recent high twice.
The cryptocurrency is now trading in the market’s overbought area. More information may be found in Coinidol.com’s study of cryptocurrency prices.
Long-term price estimate for TRON (TRX): optimistic
TRON (TRX) has had a brief halt to its upward trend following its peak of $0.11 on November 11.
TRON’s Price Stagnates at $0.11, Uptrend Faces Uncertainty,TRON’s Price Stagnates at $0.11, Uptrend Faces Uncertainty
At the moment, it fluctuates in price between $0.10 and $0.11. The market will soar to a high of $0.13 if the bulls manage to break past the barrier at $0.11.
But because the cryptocurrency is overbought, the upswing is unstable. If the bears break below the moving average lines or the $0.09 support level, TRON might see a plunge. The price will keep falling until it hits the low of $0.08.
TRX (TRON) indicator value
The ascending moving average lines show the present rise. Nevertheless, the moving average lines shifted sideways as the uptrend came to a stop at the most recent high of $0.11. The price of the cryptocurrency is presently stuck between the moving average lines on the 4-hour chart.For a few more days, TRON’s sideways movement will persist.
- Crucial Zones of Supply: $0.07, $0.08, $0.09
- Important demand zones: $0.04, $0.05, and $0.06.
aaWhat path will TRON take next?
Since November 10, when the upswing was stopped, TRX/USD has been trading. TRON has been restricted to a range over the previous five days.
As long as the cryptocurrency stays above the $0.10 support level, buyers will find it difficult to restart a rally above the $0.11 high.
TRON’s Price Stagnates at $0.11, Uptrend Faces Uncertainty,TRON’s Price Stagnates at $0.11, Uptrend Faces Uncertainty,TRON’s Price Stagnates at $0.11, Uptrend Faces Uncertainty , TRON coin Crypto news, TRON coin News