Since May 28, the price of TRON has traded below its moving averages.
On the 7th of June, the cryptocurrency recovered from its lows and crossed over the moving averages. Price of cryptocurrency fluctuates between moving averages, as it is stuck in a range. TRON currently trades at $0.116.
The altcoin trades above the 21-day SMA but below the SMA 50-day. TRON can reach a high of $0.05 if it is held above the 50-day SMA. If the altcoin loses its support from the SMA of 21 days, it will drop to $0.11 as the previous low.
TRON is caught in the middle of the moving average line.
Price bar is between moving averages, as it is stuck in a range. Altcoins are also trading between $0.114 and $0.119. The altcoin's trend will begin when the moving average line is broken.
Important Supply Zones: $0.13. $0.14. $0.15
Important demand zones: $0.10, $0.09, $0.08
TRON is trapped between moving average lines. Altcoins had previously fallen to a low price of $0.109, before recovering. Moving average lines stopped the rising trend. The cryptocurrency will begin to trend upwards if it breaks out from the moving average lines.
Last week CryptoGuestPosts stated that TRX had returned to its trading range, which indicated a sideways movement. TRX was trading between $0.10 - $0.122.
Disclaimer. This analysis and forecast is the personal opinion of the author. It does not constitute a recommendation for the purchase or sale of cryptocurrency, and should not therefore be considered as an endorsement from CryptoGuestPosts.com. Before investing in funds, readers should conduct their own research.
The price of Solana has dropped below the moving-average lines, but stopped at the 50 day SMA.
As the cryptocurrency had reached a bearish exhaustion, the bears could not break above the SMA of 50 days. It is unlikely that the cryptocurrency will continue to decline. The value of the cryptocurrency has begun to rise between moving average lines. If buyers maintain the price above 21-day SMA, the altcoin's uptrend will continue.
SOL will rally up to the next resistance of $188. The upward trend will continue until the high of $200. If the buyers fail to maintain the price above 21-day SMA then the altcoin continues to move between moving average lines. At the time of writing, Solana was worth $161.42.
Solana's price will fluctuate as it is caught between moving average lines. The price bars on the 4-hour chart are below the moving-average lines, which indicates a prior decline. The cryptocurrency price is moving back to the range bound zone.
Important Supply Zones: $200, $220 and $240
Important demand zones: $120, $100, $80
Solana has fallen below the moving-average lines on the 4-hour chart. The altcoin has hit a low price of $153, indicating that the bearish pressure is exhausted. Bulls have bought dips in the price at the recent low. The price is expected to rise over the moving average line but will initially face resistance at the high $162.
Disclaimer. This analysis and forecast is the personal opinion of the author. It does not constitute a recommendation for the purchase or sale of cryptocurrency, and should not therefore be considered as an endorsement from CryptoGuestPosts. Before investing in funds, readers should conduct their own research.
The price of Litecoin has fallen in a sideways fashion. CryptoGuestPosts provides a price analysis.
Altcoins fell as low as $81 before recovering. The cryptocurrency's price has moved between moving average lines. The altcoin will enter the positive trend zone if it breaks above the moving average line of 21 days. The initial resistance to the uptrend is $84 or 21-day moving median line. If Litecoin is able to break the $84 barrier, it will reach a maximum of $89 for each coin.
If the resistance of $89 is overcome, then the positive momentum can reach a maximum of $103, if not higher. Litecoin hovers around $84.
LTC's price is currently rising, but it is being blocked by the moving average line of 21 days. Litecoin trades between the SMAs of 21 and 50 days. Dojis, or indecisive candlesticks with small bodies, have slowed down the price movement. Moving average lines are parallel.
Resistance Levels: $100, $120 and $140
Support levels: $60, $40, $20
Litecoin's 4-hour chart shows that it has fallen below moving average lines following a series lower highs, and lower lows. The rally was stopped at an $84 high. Litecoin trades in a narrow range between $82 to $86. Once the doji candles appear, range-bound movements will continue.
Disclaimer. This analysis and forecast is the personal opinion of the author. It does not constitute a recommendation for the purchase or sale of cryptocurrency, and should not therefore be considered as an endorsement from CryptoGuestPosts. Before investing in funds, readers should conduct their own research.