The price of TRON (TRX) has fallen well below the moving average lines. Price analysis on March 22, 2024 by Coinidol.com.
Isibikezelo sesikhathi eside sentengo ye-TRON: bearish
During the last rally, the altcoin reached a high of $0.144 before being pushed back. The altcoin has recovered from its recent decline. Buyers are hoping to push the altcoin to the overhead barrier of $0.17.
Namuhla, I-TRON fell to a low of $0.11 as bulls bought the dips. The altcoin is correcting upwards again, although it is hitting a first obstacle at $0.12. On the upside, TRON will resume its uptrend if buyers break above the initial barrier at $0.12 and break above the moving averages. The altcoin is valued at $0.121 at the time of writing.
Ukufundwa kwenkomba ye-TRON
The TRON price bars are below the moving average lines, indicating an earlier downturn. The downturn has slowed down. On the 4-hour chart, the price bars are trapped between the moving average lines. This indicates a possible rangebound trend for the cryptocurrency.
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 still in a downtrend below the moving average lines. Currently hovering between $0.11 and $0.13, the altcoin is correcting upwards but is encountering resistance at its high of $0.12. To restore positive momentum, the bulls need to keep the price above the resistance level of $0.13 and the moving average lines.
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-price-recovers-before/
