The price of TRON (TRX) has been trading in a range between $0.097 and $0.11 since the end of the rally on November 10. Currently, it is stable between $0.10 and $0.11. If the resistance zone is tested again, the price is expected to fall below the moving average lines. The altcoin is currently trading at $0.1042, but its upward movement is uncertain due to overbought conditions.

The moving average lines have remained horizontal in response to the current sideways trend. The price bars are now below the moving average lines, indicating a potential further decline if the downtrend continues. However, the recent lows are being defended by the bulls.

TRON will continue to trade sideways if it fails to break above the upper resistance level of $0.11. The current price action is modest, with doji candlesticks delaying both upside and downside movements. The altcoin is currently trading above the lower price range.

Disclaimer: This analysis and forecast are the personal opinions of the author and should not be considered as a recommendation to buy or sell cryptocurrency. Readers are advised to conduct their own research before making any investment decisions.