The post TRON Collapses And Risks A Drop Above $0.183 appeared on BitcoinEthereumNews.com.

Jan 13, 2025 at 17:31 // Price The latest price analysis by Coinidol.com report, the price of TRON (TRX) has slipped below the moving average lines after previously hovering above them. TRON price long term forecast: bearish Since January 3, 2025, TRON has stabilized above the moving average lines but below the $0.28 resistance level. Upside moves were thwarted by the resistance at $0.28, leading to a decline. The price indication for TRON has shown a further decline. During the price decline on December 9, a candlestick body retested the 78.6% Fibonacci retracement line. The upward correction predicts that TRON will fall but reverse at the Fibonacci extension of $1.272 or $0.183. Today, the altcoin is in the red, trading at $0.2276 at the time of writing. TRON indicator analysis On both charts, the price bars are below the moving average lines. The 21-day SMA is below the 50-day SMA, which is a bearish sign. The price action is also characterised by doji candlesticks, which show a slower price movement. On the 4-hour chart, the 21-day SMA serves as a resistance line for the price bars. Technical indicators  Key resistance zones: $0.40, $0.45, and $0.50  Key support zones: $0.20, $0.15, and $0.10 What is the next move for TRON? On the 4-hour chart, TRON has fallen below the moving average lines. The altcoin has dropped to a low of $0.2256. It is likely that the cryptocurrency will continue to fall and reach a low of $0.1836. The bearish momentum has surpassed the price level of December 20, 2024 and reached a low of $0.2237. On the 4-hour chart, TRON is falling below the moving average lines. The altcoin has fallen to a low of $0.2256. The cryptocurrency is likely to fall further and reach a low of $0.1836.  Disclaimer. This…

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Filed under: News - @ January 13, 2025 6:26 pm