The price of TRON (TRX) has slipped below the moving average lines but remains above the 50-day SMA or support at $0.129.
Isibikezelo sesikhathi eside sentengo ye-TRON: bearish
The cryptocurrency is currently above the 50-day SMA but below the 21-day SMA. In other words, TRON is stuck between the moving average lines. The altcoin will fall if the bears break the support of the 50-day SMA. The cryptocurrency will continue to fall and reach a low above $0.12. On the other hand, if the 50-day SMA support holds, TRON would move between the moving average lines for several days.
If the bulls break the 21-day SMA, the altcoin will regain its upside momentum. The cryptocurrency will grow and test its recent high of $0.144. TRX/USD is currently worth $0.13.
Ukufundwa kwenkomba ye-TRON
After the recent downturn, the price bars have shifted between the moving average lines. The bears are aiming to break the 50-day SMA. Should the bears succeed, the altcoin will fall much further. On the 4-hour chart, the moving average lines are sloping downwards, indicating a downtrend.
Izinkomba zezobuchwepheshe
Izindawo zokuhlinzeka ezibalulekile: $0.09, $0.10, $0.11
Izindawo ezidingekayo ezibalulekile: $0.06, $0.05, $0.04
Ithini isiqondiso esilandelayo se-TRON?
TRON is bearish after reaching resistance at $0.144. Since February 29, the cryptocurrency has fallen between the moving average lines. If the current support holds, the cryptocurrency will start to move in a range. The altcoin will fluctuate between $0.13 and $0.14 price levels.
Umshwana wokuzihlangula. Lokhu kuhlaziya kanye nesibikezelo kuyimibono yomuntu siqu yombhali futhi akusona isincomo sokuthenga noma ukuthengisa i-cryptocurrency futhi akufanele kubhekwe njengokugunyazwa yi-CoinIdol.com. Abafundi kufanele benze ucwaningo lwabo ngaphambi kokutshala izimali.
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- Source: https://coinidol.com/tron-loses-ground-and-fears/
