Cryptocurrency

TRON

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   Dec 20, 2023 at 10:50 // 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/17a/900_900_1/e6vm0z5zl2u9e6ysmli083izxxdxvu9i.jpg" width="900" height="563" alt="" title="">
 <p><strong>The price of TRON (TRX) falls below the moving average lines. Cryptocurrency price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> by Coinidol.com.</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;">For almost a month, the digital asset was in a sideways trend below the $0.11 threshold. On December 15, the bears broke below the moving average lines. TRON reached a low of $0.097, but the bulls bought the dips. On the downside, the decline has slowed above the $0.097 support level.</p>
 <p style="text-align: justify;">On December 18, the long candlestick tail indicates significant buying at a lower price level. TRON is regaining positive momentum and approaching previous highs. If the altcoin breaks the moving average lines or the resistance level of $0.106, it will regain its positive momentum. The altcoin's previous highs of $0.11 will be reached again.</p>
 <h2 style="text-align: justify;" id="tron-indicator-reading">TRON indicator reading</h2>
 <p style="text-align: justify;">After the breakdown on December 15, the price bars are below the moving average lines. Selling pressure has eased above the support level of $0.097. The moving average lines are horizontal due to the sideways trend. The price bars on the 4-hour chart form a series of lower highs and lower lows below the moving average lines.</p>
 <h3 style="text-align: justify;" id="technical-indicators">Technical indicators</h3>
 <p style="text-align: justify;"><b>Key supply zones: $0.09, $0.10, $0.11</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) – Dec.20.jpg" src="https://cdn.thebittimes.com/images/2023/12/20/7a8cadd5afd9dfa04344973bdf72496b.webp" height="551" title="TRXUSD_ (Daily Chart) – Dec.20, 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 falls below the moving average lines on the 4-hour chart. The altcoin fell to a low of $0.097 before recovering. The price of the cryptocurrency has fallen above the 21-day SMA but below the 50-day SMA. The altcoin is trapped between the moving average lines, indicating that the cryptocurrency is drifting sideways.</p>
 <p style="text-align: justify;">Coinidol.com reported on December 6, that TRX/USD was previously in a sideways trend, trading in a narrow range between $0.102 and $0.104.&nbsp;</p>
 <p style="text-align: justify;"><img width="1024" alt="TRXUSD_ (4-Hour Chart) – Dec.20.jpg" src="https://cdn.thebittimes.com/images/2023/12/20/f4e1f22b63dafaf0876c0bf1abd1f99c.webp" height="551" title="TRXUSD_ (4-Hour Chart) – Dec.20, 2023"><br> <br> <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-deviates-from-the-target-price-after-rising-above-0-097-tbt74298.html">https://thebittimes.com/tron-deviates-from-the-target-price-after-rising-above-0-097-tbt74298.html</a></p>

TRON Deviates From The Target Price After Rising Above $0.097

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