TRON Gains Momentum But Hits The $0.28 Barrier
The post TRON Gains Momentum But Hits The $0.28 Barrier appeared on BitcoinEthereumNews.com. May 27, 2025 at 11:00 // Price (TRX) price rise came to a halt at $0.28 on May 12. The cryptocurrency rose to a high of $0.279 before entering a horizontal trend. TRON price long-term forecast: bullish Over the past two weeks, TRON has been trading above the 21-day SMA support but below the resistance at $0.28. Today, TRON is in an uptrend after breaking above the 21-day SMA support. TRX will continue its uptrend if buyers sustain the price above $0.28. The positive momentum will continue to the high of $0.30. On the other hand, if the bears break below the 21-day SMA support, TRON will fall above the 50-day SMA or the $0.25 low. The altcoin is now trading above its moving average lines, which indicates a positive trend. The currency is currently trading at $0.274. TRON price indicators analysis The horizontal moving average lines are currently trending upwards, indicating an uptrend. As the value of the altcoin rises, the price bars remain consistently above the moving average lines. The uptrend will end if the price falls below the 21-day SMA support. Despite the uptrend, the moving average lines on the 4-hour chart remain horizontal. Technical Indicators Key Resistance Zones: $0.40, $0.45, and $0.50 Key Support Zones: $0.20, $0.15, and $0.10 What is the next move for TRON? TRON is currently trading above the moving average lines and has the potential to rise further. The upside is limited by resistance at $0.28. The 4-hour chart of TRON shows a sideways trend between the price levels of $0.26 and $0.28. Today, the price of the cryptocurrency rose above the moving average lines. The altcoin is gaining momentum and approaching the price barrier of $0.28. Previously, TRX rallied after breaching the $0.255 mark on May 8 and later rose to a…
The post TRON Gains Momentum But Hits The $0.28 Barrier appeared on BitcoinEthereumNews.com.
May 27, 2025 at 11:00 // Price (TRX) price rise came to a halt at $0.28 on May 12. The cryptocurrency rose to a high of $0.279 before entering a horizontal trend. TRON price long-term forecast: bullish Over the past two weeks, TRON has been trading above the 21-day SMA support but below the resistance at $0.28. Today, TRON is in an uptrend after breaking above the 21-day SMA support. TRX will continue its uptrend if buyers sustain the price above $0.28. The positive momentum will continue to the high of $0.30. On the other hand, if the bears break below the 21-day SMA support, TRON will fall above the 50-day SMA or the $0.25 low. The altcoin is now trading above its moving average lines, which indicates a positive trend. The currency is currently trading at $0.274. TRON price indicators analysis The horizontal moving average lines are currently trending upwards, indicating an uptrend. As the value of the altcoin rises, the price bars remain consistently above the moving average lines. The uptrend will end if the price falls below the 21-day SMA support. Despite the uptrend, the moving average lines on the 4-hour chart remain horizontal. Technical Indicators Key Resistance Zones: $0.40, $0.45, and $0.50 Key Support Zones: $0.20, $0.15, and $0.10 What is the next move for TRON? TRON is currently trading above the moving average lines and has the potential to rise further. The upside is limited by resistance at $0.28. The 4-hour chart of TRON shows a sideways trend between the price levels of $0.26 and $0.28. Today, the price of the cryptocurrency rose above the moving average lines. The altcoin is gaining momentum and approaching the price barrier of $0.28. Previously, TRX rallied after breaching the $0.255 mark on May 8 and later rose to a…
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