{"id":110355,"date":"2021-01-27T10:07:52","date_gmt":"2021-01-27T10:07:52","guid":{"rendered":"https:\/\/precoinnews.com\/?p=110355"},"modified":"2021-01-27T10:07:52","modified_gmt":"2021-01-27T10:07:52","slug":"tron-trx-price-analysis-range-moves-below-key-0-033","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/altcoins\/tron-trx-price-analysis-range-moves-below-key-0-033\/","title":{"rendered":"Tron (TRX) Price Analysis: Range Moves Below Key $0.033"},"content":{"rendered":"

TRON price is struggling to gain bullish momentum above $0.0320 against the US Dollar, similar to bitcoin. TRX price could soon retest the main $0.0265 support zone.<\/em><\/p>\n

Tron Price Analysis<\/h2>\n

Recently, there was another attempt by TRON price to clear the $0.0325 and $0.0330 resistance levels against the US Dollar. However, TRX price failed to clear the $0.0330 level, formed a high near $0.0327, and recently started a fresh decline.<\/p>\n

There was a break below the $0.0310 support level. The bears were able to push the price below the 50% Fib retracement level of the upward move from the $0.0262 swing low to $0.0327 high.<\/p>\n

There was also a break below a connecting bullish trend line with support near $0.0302 on the 4-hours chart. The price is now trading well below $0.0300 and the 55 simple moving average (4-hours). It is testing the 61.8% Fib retracement level of the upward move from the $0.0262 swing low to $0.0327 high.<\/p>\n

If there is a downside break below the $0.0285 support zone, the price could continue to move down. The next major support is near the $0.0270 level. The main support is still near $0.0265, below which the price could decline heavily in the near term.<\/p>\n

On the upside, an initial resistance is near the $0.0300 level and the 55 simple moving average (4-hours). The next key resistance is near the $0.0312 level. The main hurdle on the upside for the bulls is still near the $0.0325 and $0.0330 resistance levels.<\/p>\n

To start a fresh increase, the price must clear the $0.0325 and $0.0330 resistance levels. The next major barrier for the bulls could be $0.0365.<\/p>\n

<\/p>\n

Tron (TRX) Price<\/p>\n

The chart indicates that TRX price is clearly struggling to stay above $0.0285. Overall, the price could revisit the $0.0280 support or even $0.0265 in the near term.<\/p>\n

Technical Indicators<\/h2>\n

4 hours MACD \u2013 The MACD for TRX\/USD is slowly gaining momentum in the bearish zone.<\/p>\n

4 hours RSI – The RSI for TRX\/USD is now below the 50 level.<\/p>\n

Key Support Levels \u2013 $0.0285 and $0.0265.<\/p>\n

Key Resistance Levels \u2013 $0.0300, $0.0312 and $0.0330.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

TRON price is struggling to gain bullish<\/p>\n","protected":false},"author":3,"featured_media":110354,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"yoast_head":"\nTron (TRX) Price Analysis: Range Moves Below Key $0.033 - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/altcoins\/tron-trx-price-analysis-range-moves-below-key-0-033\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tron (TRX) Price Analysis: Range Moves Below Key $0.033 - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"TRON price is struggling to gain bullish\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/altcoins\/tron-trx-price-analysis-range-moves-below-key-0-033\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-27T10:07:52+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/01\/ccryptafotoTRON-TRX-3.png\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/altcoins\/tron-trx-price-analysis-range-moves-below-key-0-033\/\",\"url\":\"https:\/\/precoinnews.com\/altcoins\/tron-trx-price-analysis-range-moves-below-key-0-033\/\",\"name\":\"Tron (TRX) Price Analysis: Range Moves Below Key $0.033 - 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