Coinidol.com: TRON Continues Its Decline to $0.276

TRON has fallen below the moving averages since January 23, when its bullish momentum was halted at a high of $0.31.

The negative momentum has broken through the moving averages and dropped below 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

The moving average lines remain upward sloping, even after the price bars moved below them. The price is likely to continue falling below the moving average lines. On the 4-hour chart, the price bars are below the moving average lines, which are sloping downwards. The 21-day SMA is below the 50-day SMA, indicating a downward trend.

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.