TRON Continues Its Range As Traders Remain Uncertain

The price of TRON (TRX), which has been hovering between $0.21 and $0.25, has started to move in a horizontal pattern again.

TRON price long-term forecast: ranging

Over the past three months, the price has been moving within a limited range. Based on the price activity, TRON is likely to drop to a low of $0.184. The altcoin fell to a low of $0.211 on March 16, but the bulls bought the dips. With buyers trying to keep the price above the moving average lines, the price of the cryptocurrency is currently stuck.

The current price range will continue as long as the range-bound level remains stable and the doji candlesticks hold their format.

TRON indicator analysis 

TRON's price bars continue to bounce back and forth between the moving average lines, although the horizontal pattern has remained constant since January. The horizontal flat moving average lines indicate the sideways movement. On the 4-hour chart, the price bars are between the moving average lines.

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? 

TRON has remained stable above the $0.20 support level since December 20, 2024.The moving average lines have been hampered by the rising movements, though. The dominance of Doji candlesticks has caused the price movement to remain stationary.

TRON will remain range-bound since traders are still uncertain about the direction of the market. 

Disclaimer. This analysis and forecast are the personal opinions of the author. They 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.