Tron (TRX) prices tend to be horizontal and continue trading with choppy price action.
TRX Price Long-Term Forecast: Range
Prices fluctuate in a narrow range of $0.23 to $0.24. Doji Candlesticks will slow down price movements. This indicates that traders are unsure about the direction of the market.
The TRX recovers and moves higher when you break the $0.24 resistance level.
TRX indicator analysis
Doji Candlesticks level the moving average line. The price bar is represented by Doji Candlesticks moving below and above the moving average line. On the 4-hour chart, the price bar is above the moving average. The upward trend is being suppressed by resistance at $0.24.
Technical indicators
Key Resistance Zone: $0.40, $0.45, and $0.50
Key Support Zones: $0.20, $0.15, and $0.10
What will Tron’s next move?
Tron trades within a narrow range and moves within this range. If the support is $0.23 or if the $0.24 resistance is broken, the trend continues. However, the continued presence of Doji Candlesticks has slowed down price action.
Disclaimer. This analysis and prediction is the author’s personal opinion. They do not recommend buying and selling cryptocurrencies and should not be considered as approval by coinidol.com. Readers should do research before investing in funds.
