TRON Maintains Its Bullish Rise above $0.28

The TRON price continues its upward trend above the moving average lines.

TRX price long-term forecast: bullish

The cryptocurrency is forming a series of higher highs and higher lows as it approaches the $0.29 resistance level. Today, bullish momentum has pushed the price above the $0.29 barrier, reaching a high of $0.2985.

TRON is pulling back as it nears the $0.30 resistance level. The altcoin is now trading above the $0.29 support but below its recent high. If buyers break above the current barrier, the market could reach a high of $0.33. However, if TRON falls below the $0.29 level, it will return to the area above the $0.27 support.

Technical Indicators

• 
  Key Resistance Zones: $0.40, $0.45, and $0.50

• 
  
  Key Support Zones: $0.20, $0.15, and $0.10

TRX price indicators analysis

The price bars are above the upward-sloping moving average lines. The 21-day SMA is above the 50-day SMA, indicating an uptrend. On the 4-hour chart, the moving average lines slope upwards, confirming a bullish trend. The price bars have bounced and risen above the 21-day SMA support.

What is the next move for TRON?

TRON’s price is in an uptrend as buyers maintain positive momentum above the moving average lines. On the 4-hour chart, the cryptocurrency reached a high of $0.298 before pulling back.

TRX is currently trading above the 21-day SMA support but below the $0.298 high. The altcoin will decline if bears break through the 21-day SMA support. The upward trend will continue above the $0.298 high.

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.