Coinidol.com: TRON's Bullish Rise Stalls Below $0.31

The TRON price has climbed above the 21-day SMA after the bullish trend ended at $0.32.

TRX price long-term forecast: bullish

The cryptocurrency fell below the 21-day SMA support but remained above the 50-day SMA support. Today, buyers pushed the price back above the 21-day SMA. TRON is rising and is expected to retest its previous high of $0.32.

Technical Indicators

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

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

TRON price indicators analysis

The price bars have moved above the upward-sloping moving average lines. TRON has the potential to rise further while it remains above these lines. On the 4-hour chart, the price bars are positioned between downward-sloping moving average lines, suggesting the cryptocurrency may be confined to a range-bound movement within this narrow band.

What is the next move for TRON?

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.