TRON (TRX) has continued its bullish run as it pulls back above the $0.32 support.
On uly 29, the rally ended after reaching a high of $0.35.
TRON price long-term prediction: bullish
TRON teeters on a knife’s edge! Hovering precariously above $0.32, but shackled below $0.34, the altcoin awaits a breakout. Will it shatter the $0.35 ceiling and ignite a bullish surge? All eyes are on TRON as it battles for upward momentum.
TRON teeters on a knife’s edge at $0.32, a battleground where bulls aim for a surge to $0.45 while bears threaten a plunge to $0.29. The 21-day SMA looms as a critical support; its breach could unleash a wave of selling pressure. Watch closely – TRON’s next move hinges on this delicate balance.
TRON price indicators analysis
TRON’s bulls and bears are locked in a tight battle as the price action coils like a spring. After facing rejection at $0.35, TRON has been range-bound for two days. On the 4-hour chart, the price hovers above the crucial $0.32 mark, guarded by the 50-day SMA, while struggling to break past $0.34. A drop below the 50-day SMA could trigger a sharp sell-off, signaling the end of the current stalemate.
Technical Indicators
Key Resistance Zones: $0.40, $0.45, and $0.50
Key Support Zones: $0.20, $0.15, and $0.10
What’s the next step for TRON?
TRON’s price is caught in a tug-of-war, bouncing between $0.32 and $0.34 after hitting a $0.35 ceiling 48 hours ago. The 4-hour chart paints a picture of indecision: TRON clings to the 50-day SMA lifeline at $0.32, while struggling to break free from the $0.34 barrier. A slip below the $0.32 support could signal the end of this stalemate and a potential downtrend.
On July 23rd, TRON defied gravity, staging a dramatic comeback after flirting with the $0.31 support. Coinidol.com witnessed the cryptocurrency’s price action as it shook off bearish pressure and surged skyward.
Before you dive in: Consider this your compass, not your map. The insights shared here are purely the author’s and shouldn’t be mistaken for CoinIdol.com’s endorsement or financial advice. Cryptocurrency investments carry risk – chart your own course with thorough research.
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