This summary text is fully AI-generated and may therefore contain errors or be incomplete.
TRON’s rally has hit a roadblock as the price reached the $0.11 barrier. The cryptocurrency has been trading below this resistance level but above the $0.10 support level for the past month. However, on December 11, the price slipped between the moving average lines, leading to another rejection. Currently, the bears are testing the $0.10 support level, and if they drop below it, TRON is expected to fall and retest its recent low of $0.095.
The price bars for TRON are currently located between the moving average lines, indicating that the coin will fluctuate within a range. Despite the sideways movement, the moving average lines are sloping upwards. On the 4-hour chart, the moving average lines are horizontal, suggesting a sideways trend.
TRON is currently trading in a range between $0.10 and $0.11 per token. The bears have been attempting to break through the existing support since December 11. However, strong buying activity at lower price levels is indicated by the extended candlestick tail at the bottom of the chart.
It is important to note that 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.