TRON Holds Steady Above The $0.24 Support Level
The post TRON Holds Steady Above The $0.24 Support Level appeared on BitcoinEthereumNews.com. Apr 30, 2025 at 16:21 // News The price of TRON (TRX) has resumed its horizontal trend after reaching the $0.26 level. TRON price long-term forecast: ranging The crypto price has fallen and is trading above the 21-day SMA support. The inability of buyers to push the price above the $0.26 barrier twice was the reason for the fall. If the buyers break the barrier at $0.26 and $0.27, the altcoin will reach its high of $0.30. On the downside, TRON will slip above the 50-day SMA or the low at $0.237 as the downtrend has broken below the 21-day SMA. If the 50-day SMA holds as support, the sideways trend will continue. In other words, TRON will fall back to its horizontal trend between the $0.26 high and the $0.235 support. At the time of writing, the altcoin is valued at $0.243. TRON price indicator analysis The price bars for TRON have fallen above the 50-day SMA low but below the 21-day SMA support. The cryptocurrency has fallen between the moving average lines, starting a range-bound move. The price bars on the 4-hour chart are below the moving average lines, but the decline has stalled above the $0.24 support. On both charts, the moving average lines 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 trading sideways between the $0.24 support and the $0.26 resistance. The crypto price has fallen below the moving average lines after rising above the $0.24 support. In other words, the crypto price is static as it consolidates due to traders’ hesitation. Disclaimer. This analysis and forecast are the personal opinions of the author. They are not a recommendation to buy or sell cryptocurrency and should not be…
The post TRON Holds Steady Above The $0.24 Support Level appeared on BitcoinEthereumNews.com.
Apr 30, 2025 at 16:21 // News The price of TRON (TRX) has resumed its horizontal trend after reaching the $0.26 level. TRON price long-term forecast: ranging The crypto price has fallen and is trading above the 21-day SMA support. The inability of buyers to push the price above the $0.26 barrier twice was the reason for the fall. If the buyers break the barrier at $0.26 and $0.27, the altcoin will reach its high of $0.30. On the downside, TRON will slip above the 50-day SMA or the low at $0.237 as the downtrend has broken below the 21-day SMA. If the 50-day SMA holds as support, the sideways trend will continue. In other words, TRON will fall back to its horizontal trend between the $0.26 high and the $0.235 support. At the time of writing, the altcoin is valued at $0.243. TRON price indicator analysis The price bars for TRON have fallen above the 50-day SMA low but below the 21-day SMA support. The cryptocurrency has fallen between the moving average lines, starting a range-bound move. The price bars on the 4-hour chart are below the moving average lines, but the decline has stalled above the $0.24 support. On both charts, the moving average lines 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 trading sideways between the $0.24 support and the $0.26 resistance. The crypto price has fallen below the moving average lines after rising above the $0.24 support. In other words, the crypto price is static as it consolidates due to traders’ hesitation. Disclaimer. This analysis and forecast are the personal opinions of the author. They are not a recommendation to buy or sell cryptocurrency and should not be…
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