TRON peaked in mid-April, then fell steadily to hit its support line of $ 0.44. After the end of July, the TRX price rose but failed to hit its previous high and made a new high at $ 0.12. Price recently crossed the uptrend line and weakened as it hit its swing low of $ 0.07.
Bearish candles formed continuously from December 3rd to 5th and the price fell sharply but failed to break the $ 0.74 support line. This price movement can be an opportunity for bullish investors.
Although the price was on the way down, it made a turnaround. There is currently a slight price movement, with the price moving sideways.
On the daily chart, the crossing MACD line and the signal line do not indicate a specific price flow. However, the coin’s disconnection from its support zone may be a signal of bullish momentum. The RSI at 39 has started to lift away from its oversold zone and is expected to move towards the overbought zone. The volume is currently also in favor of bullish investors.
The technical parameters are currently neutral in both the hourly and weekly charts. The bulls should wait a while before entering the trade. The price flow ahead would show how the price might perform in the future, be it in favor of bulls or bears.
Comments are closed.