Coinidol.com: TRON Rebounds but Encounters the $0.29 Barrier

The TRON price has twice broken above the moving average lines as buyers attempt to regain upward momentum.

However, price movement has remained steady within the narrow range between the $0.27 support and the $0.29 resistance. The upward trend continues to face resistance at the $0.29 level. The cryptocurrency price is now moving back towards the 50-day SMA support.

Key Resistance Zones: $0.40, $0.45, and $0.50

Key Support Zones: $0.20, $0.15, and $0.10

On the downside, if the bears push the price below the 50-day SMA support, bearish momentum will continue towards $0.27. If the 50-day SMA support holds, the altcoin will continue trading above $0.28.

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.