TRON

<div class="coinidol">
 <div class="info">
  <div class="news_info">
   Nov 30, 2023 at 08:03 // Price
  </div>
  <div class="author-box">
   <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/42a/60_60_1/42aa5ec847dba7f5a2bce5378ae70614.png)"></div> <span>Author<br>Coin Idol </span>
  </div>
 </div> <img class="page-news__main-pic lazy-load-detail-picture" src="https://coinidol.comdata:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=" data-lazy-src="https://coinidol.com/upload/resize_cache/iblock/49e/900_900_1/yhqevtoojr650orr8lo0b7cmf844rvlt.jpg" width="900" height="562" alt="" title="">
 <p><strong>The price of TRON (TRX) has fallen below the 21-day moving average line twice.</strong></p>
 <h2 style="text-align: justify;" id="long-term-forecast-for-the-tron-price-bearish">Long-term forecast for the TRON price: bearish</h2>
 <p style="text-align: justify;">The cryptocurrency reached a high of $0.11 twice, but failed to break above this level. After the recent dip, TRON is now trading between the moving average lines. If buyers keep the price above the 21-day SMA, the uptrend could resume. It is unlikely that the price action will continue above the recent high. On the downside, the downtrend will continue if the bears drop below the 50-day SMA. The market will then drop to $0.091.</p>
 <h2 style="text-align: justify;" id="tron-indicator-reading">TRON indicator reading</h2>
 <p style="text-align: justify;">After the decline, the price bars are now between the moving average lines. For a few days, the price of the cryptocurrency will fluctuate between the moving average lines. The moving average lines are sloping upwards, indicating an upward trend. The moving average lines on the 4-hour chart are sloping horizontally, indicating a sideways trend.</p>
 <h3 style="text-align: justify;" id="technical-indicators">Technical indicators</h3>
 <p style="text-align: justify;"><b>Key supply Zones: $0.07, $0.08, $0.09</b></p>
 <p style="text-align: justify;"><b>Key demand zones: $0.06, $0.05, $0.04</b></p>
 <p style="text-align: justify;"><b><img width="1024" alt="TRXUSD_ (Daily Chart) – Nov. 29.jpg" src="https://cdn.thebittimes.com/images/2023/11/30/7cf377094f9ea11a59a96693badd1a2c.webp" height="511" title="TRXUSD_ (Daily Chart) – Nov. 29, 2023"><br> </b></p>
 <h2 style="text-align: justify;" id="what-is-the-next-direction-for-tron">What is the next direction for TRON?</h2>
 <p style="text-align: justify;">TRON has reached the overbought zone of the market. The altcoin risks a crash if the bears fall below the 50-day simple moving average on the daily chart. Since November 10, the current rise has come to an end. This is due to the cryptocurrency's overbought zone.</p>
 <p style="text-align: justify;">Last week Coinidol.com reported that TRON was trading above the support level of $0.096. The uptrend encounters a first resistance at the high of $0.10.</p>
 <p style="text-align: justify;"><img width="1024" alt="TRXUSD_ (4 Hour Chart) – Nov. 29.jpg" src="https://cdn.thebittimes.com/images/2023/11/30/fcce0239f420880498847501ea92c5bd.webp" height="511" title="TRXUSD_ (4 Hour Chart) – Nov. 29, 2023"><br></p>
 <p style="text-align: justify;"><i><span style="color: #959595;">Disclaimer. This <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do the research before investing in funds.</span></i></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/tron-loses-ground-as-it-is-rejected-twice-at-0-11-tbt72181.html">https://thebittimes.com/tron-loses-ground-as-it-is-rejected-twice-at-0-11-tbt72181.html</a></p>

TRON Loses Ground As It Is Rejected Twice At $0.11

Mục lục

TheBitTimes

Các bài viết khác được xuất bản trên 30 thg 11, 2023

Preparing for the Bull, Whale Purchased 51 Million Dollars of Altcoins from Binance! Here Are His...

Crypto Whale Maneuvers: Strategic Moves in the World of Maker (MKR) Tokens

Grayscale Revamps GBTC Agreement to Prepare for Spot Bitcoin ETF

Does Rite Aid Do Money Orders?

SOLANA TECHNICAL ANALYSIS-DOLLAR 60.60: Will Bulls Triumph or Stumble

Moonbeam Teams Up with DUX and Grupo RÃO for a Web3 Loyalty Program in Brazil

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!