After reaching $0.26, the price of TRX (TRON) resumed its downward trend.

TRON Price Long-Term Forecast:

The price of crypto has dropped and is now trading above the SMA 21-day support. The fall was caused by buyers' inability to push the price past the $0.26 barrier two times. If buyers can break the barrier twice at $0.26 and then $0.27, altcoins will reach their high of $0.30.

TRON's price will fall below the 21-day SMA and the 50-day SMA, as the downward trend has broken. The sideways trend will continue if the 50-day SMA is a support. TRON will then fall back into its horizontal trend, between the $0.26 support and the $0.235 high.

Altcoin was worth $0.243 at the time this article was written.

Analysis of TRON Price Indicator

TRON's price bars have dropped below the SMA 21-day support but above the SMA 50-day low. The cryptocurrency is now moving in a range bound movement. It has fallen between the SMA lines. The price bars are below the moving-average lines on the 4-hour graph, but the decline is halted above the $0.24 resistance. The moving average lines are horizontal on both charts.

Technical Indicators

Key resistance zones: $0.40. $0.45. and $0.50

Support Zones for $0.20, $0.15 and $0.10

What's the next step for TRON?

TRON trades sideways between $0.24 and $0.26. After rising above the $0.24 resistance, the crypto price has dropped below the moving-average lines. The crypto price has remained static due to traders' hesitation.

Disclaimer. Disclaimer. This analysis and forecast is the author's personal opinion. These are not recommendations to buy or trade cryptocurrency, and should not be seen as endorsements by CryptoGuestPosts. Before investing in funds, readers should conduct their own research.