TRON is stable above $0.10 and resumes a horizontal trend.

The price of TRON (TRX) will remain stable in the future. Price recovery or decline determines the rise or fall of a cryptocurrency.

TRON Price Long-Term Prediction: Within a Range

TRON (TRX) has been between the $0.10 support line and the moving average since November 27th. Since the price drop on November 27, Doji candlesticks have dominated market movements. The altcoin is consolidating above the $0.10 support level due to a small candlestick body.
Additionally, price action was limited above existing support. TRX/USD is trading at $0.103 at the time of this writing.

TRON indicator reading

Price bars on daily charts are neither higher nor lower than the moving average line. On the other hand, the moving average reflects the previous upward trend and is maintaining an upward trend. On the lower time frame, TRON resumed a horizontal trend with its moving averages remaining parallel.

technical indicators

Main supply zones: $0.07, $0.08, $0.09

Main demand areas: $0.06, $0.05, $0.04

What’s next for TRON?

TRX/USD is currently in a sideways trend, trading in a narrow range between $0.102 and $0.104. The altcoin is trading above the support level of $0.102, but below the high of $0.104. Cryptocurrency price expert Coinidol.com suggests that altcoins will continue to fluctuate for a few more days until the trend resumes.

disclaimer. This analysis and predictions are the personal opinions of the author and are not a recommendation to buy or sell any cryptocurrency and should not be considered an endorsement by CoinIdol.com. Readers should do their research before investing in any fund.