{"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 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 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>\nTron Price Analysis<\/h2>\n
Technical Indicators<\/h2>\n