TRON

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   Nov 16, 2023 at 09:56 // Price
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   <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/42a/60_60_1/42aa5ec847dba7f5a2bce5378ae70614.png)"></div> <span>Author<br>Coin Idol </span>
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 </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/5ca/900_900_1/6k0niml8yo4isgql25cfnn39g22d1yzd.jpg" width="900" height="563" alt="" title="">
 <p><strong>TRON (TRX) price tested the recent high twice before breaking above the moving average lines.</strong></p>
 <p style="text-align: justify;">The altcoin is trading in the overbought zone of the market. More details in this cryptocurrency price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> by Coinidol.com.</p>
 <h2 style="text-align: justify;" id="tron-trx-price-long-term-prediction-bullish">TRON (TRX) price long-term prediction: bullish</h2>
 <p style="text-align: justify;">The price of TRON (TRX) has temporarily paused its uptrend after reaching a high of $0.11 on November 11.</p>
 <p style="text-align: justify;">It is currently oscillating between the price levels of $0.10 and $0.11. If the bulls break through the resistance at $0.11, the market will rise to a high of $0.13. However, the uptrend is shaky due to the overbought status of the cryptocurrency. TRON is at risk of a decline if the bears fall below the support level of $0.09 or the moving average lines. The decline will continue until the price reaches the low of $0.08.</p>
 <h2 style="text-align: justify;" id="tron-trx-indicator-reading">TRON (TRX) indicator reading</h2>
 <p style="text-align: justify;">The current uptrend is indicated by the upward moving average lines. However, when the uptrend ended at the recent high of $0.11, the moving average lines moved sideways. On the 4-hour chart, the price of the cryptocurrency is currently trapped between the moving average lines.TRON will continue to move sideways for a few more days.</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> <b>Key Demand zones: $0.06, $0.05, $0.04<br> </b> <br> <img width="1024" alt="TRXUSD_( Daily chart)) NOV. 15.jpg" src="https://cdn.thebittimes.com/images/2023/11/16/47df5b2d9b7cef9b701e6a99936eb31a.webp" height="529" title="TRXUSD_( Daily chart)) NOV. 15, 2023"><b><br> </b>
 <p style="text-align: justify;"></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;">TRX/USD has been trading since the uptrend was halted on November 10. Over the past five days, TRON has been confined to a range. Buyers are struggling to resume an uptrend above the $0.11 high as the cryptocurrency remains above the $0.10 support.</p>
 <p style="text-align: justify;">TRON (TRX) value has been declining since November 1 after reaching a high of $0.10.&nbsp;</p>
 <p style="text-align: justify;"><img width="1024" alt="TRXUSD_ (4 Hour Chart) – Nov. 15.jpg" src="https://cdn.thebittimes.com/images/2023/11/16/74ad4d35d251dadcb217375de1c07a4c.webp" height="529" title="TRXUSD_ (4 Hour Chart) – Nov. 15, 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 their research before investing in funds.</span></i></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/tron-s-uptrend-is-shaky-as-the-price-is-stuck-at-0-11-tbt70537.html">https://thebittimes.com/tron-s-uptrend-is-shaky-as-the-price-is-stuck-at-0-11-tbt70537.html</a></p>

TRON's Uptrend Is Shaky As The Price Is Stuck At $0.11

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