• Coins
    • Bitcoin
    • Dogecoin
    • Ethereum
    • Litecoin
    • Ripple
    • Tron
    • NFT
  • Cryptonews
  • Blockchain
  • Metaverse
  • Regulation
  • Market Cap
What's Hot

DOOM Game Now Available On Bitcoin; Here’s How You Can Play

02/08/2023

Nokia uses the Metaverse to connect remote breweries, train aircraft techs

02/08/2023

Hong Kong securities regulator adds crypto personnel for industry supervision

02/07/2023

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Trending
  • DOOM Game Now Available On Bitcoin; Here’s How You Can Play
  • Nokia uses the Metaverse to connect remote breweries, train aircraft techs
  • Hong Kong securities regulator adds crypto personnel for industry supervision
  • Interpol Tackling Crime in the Metaverse
  • Creator of cannabis-themed metaverse shares his vision for the industry
  • You Can’t Miss These Top 5 NFT Drops In February 2023
  • Metaverse Trends That Will Shape the 2020s
  • 5 biggest economic bubbles in history
Facebook Twitter Instagram
Center Crypto NewsCenter Crypto News
Demo
  • Coins
    1. Bitcoin
    2. Dogecoin
    3. Ethereum
    4. Litecoin
    5. Ripple
    6. Tron
    7. NFT
    8. View All

    Crypto Market Still Reeling As Bitcoin’s Break Above $24,000 Triggers Liquidations

    02/02/2023

    Bitcoin Short-Term Holder Profit Taking Reaches Levels Not Seen Since Nov. 2021

    02/02/2023

    Can Bitcoin (BTC) continue the bullish rally for the entire 2023?

    02/02/2023

    FED To Put Off Interest Rate Hikes, Bitcoin Rallies: Here’s Why

    02/02/2023

    Will DOGE reach $1 in 2023?

    01/31/2023

    Will Dogecoin (DOGE) break the long-term support of $0.05?

    12/19/2022

    Dogecoin surges 9%; Will DOGE outperform other altcoins?

    11/29/2022

    Dogecoin (DOGE) takes support from the 200 EMA curve!

    11/21/2022

    Ethereum price claims for $1.8K mark: Will ETH win?

    02/03/2023

    Total Ethereum Staked On Lido Finance Reaches New Milestone

    02/01/2023

    Ethereum Hovers Above $1,600, What’s The Next Move?

    01/26/2023

    Number Of New Ethereum Validators Remains Flat Ahead Of Shanghai Upgrade

    01/25/2023

    LTC is all set to surpass the $100 mark!

    01/31/2023

    Can Litecoin (LTC) surpass the $82 mark in the third attempt?

    01/12/2023

    Litecoin (LTC) outperforms its peers and showcases huge potential!

    01/04/2023

    Litecoin lacks a buying spree; Support remains relatively stronger

    12/08/2022

    SEC settles on security claim in LBRY case; community calls it a big win for crypto

    01/31/2023

    New Ripple president says her job is to continue to scale amid crypto winter

    01/27/2023

    Circle, Ripple reflect on Davos 2023

    01/26/2023

    Ripple, Binance impersonators target XRP holders via fake staking program

    01/25/2023

    Is it time for a long position in TRX?

    02/01/2023

    TRON spikes 5% today: Can TRX breakout continue?

    01/09/2023

    TRON is likely to regain its previous support of $0.06

    12/15/2022

    TRON (TRX) price plunge may be on the horizon

    12/08/2022

    DOOM Game Now Available On Bitcoin; Here’s How You Can Play

    02/08/2023

    You Can’t Miss These Top 5 NFT Drops In February 2023

    02/06/2023

    5 Best NFT Collections For Sports Fans To Keep An Eye On

    02/05/2023

    Mastercard’s NFT leader Resignation letter Goes Viral; Here’s Why

    02/04/2023

    DOOM Game Now Available On Bitcoin; Here’s How You Can Play

    02/08/2023

    Nokia uses the Metaverse to connect remote breweries, train aircraft techs

    02/08/2023

    Hong Kong securities regulator adds crypto personnel for industry supervision

    02/07/2023

    Interpol Tackling Crime in the Metaverse

    02/07/2023
  • Cryptonews

    Orbeon Protocol soars; Shiba Inu recovers on Shibarium launch

    02/05/2023

    Aptos soars, and Orbeon Protocol is expected for 6000% gains

    02/04/2023

    Cosmos, Chainlink, and Orbeon Protocol

    02/03/2023

    Binance Coin, Helium, and Orbeon Protocol lead market gains

    02/03/2023

    Crypto goes without any mention in the 2023 Union Budget

    02/02/2023
  • Blockchain

    Lodestar announces the mega launch of v1.4.0

    02/03/2023

    KardiaChain partners with Vibranium Audits & revolutionizes dApp

    02/02/2023

    Djed goes live on Mainnet, beginning a new era of stablecoins

    02/01/2023

    Aave deploys V3 on Ethereum mainnet to mitigate user risk

    01/30/2023

    COTI makes an invaluable contribution to the boosting of Djed

    01/30/2023
  • Metaverse

    Nokia uses the Metaverse to connect remote breweries, train aircraft techs

    02/08/2023

    Interpol Tackling Crime in the Metaverse

    02/07/2023

    Creator of cannabis-themed metaverse shares his vision for the industry

    02/06/2023

    Metaverse Trends That Will Shape the 2020s

    02/05/2023

    Top 10 most famous computer programmers of all time

    02/04/2023
  • Regulation

    Hong Kong securities regulator adds crypto personnel for industry supervision

    02/07/2023

    5 biggest economic bubbles in history

    02/05/2023

    Voyager victim calls for trustee to seize control of the estate

    02/03/2023

    US lawmakers renew request for answers from Silvergate on FTX: Report

    02/01/2023

    Panama’s Supreme Court to rule on cryptocurrency legislation

    01/30/2023
  • Market Cap
Center Crypto NewsCenter Crypto News
Home»Coins»Tron»TRON is likely to regain its previous support of $0.06
Tron

TRON is likely to regain its previous support of $0.06

By 12/15/2022No Comments38 Views
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


At the time of writing this technical analysis, TRON is trading around $0.055, which formed the yearly low of around $0.045 last month after breaking the previous support of $0.06. It is interesting to note the volatility between November 8-11. The daily chart observed much volatility that suggests extreme selling pressure in the second week of November.

trxusd price chart

Popular technical indicators like MACD and RSI suggest bullishness with a strong up move toward the previous support of $0.06. We can consider this price chart long-term bullish when it crosses the resistance of $0.075. In the next few weeks, the TRX price might consolidate between $0.06 and $0.045. Traders can accumulate some coins for the short term. According to the TRON predictions, it is an ideal time for long-term investment.

trxusd price analysis

On the weekly chart, TRX/USD touched the 52-week low on the second week of June (2022); after that, it recovered from that level but formed lower highs and lower lows in the lower Bollinger Band, which suggests bearishness.

MACD, BB, and RSI are bearish, which is also supported by the lack of volume on the weekly chart. TRON formed four weekly green candles in the last four weeks, but all of them are indecisive Doji that do not suggest positive momentum for the long term.

TRX will consolidate within a level for the next few weeks and turn bullish after crossing the resistance of $0.075. However, it might break the support level to form another lower low.

It is not an ideal time to invest for the long term; you must wait for the right opportunity and accumulate TRON at a lower price.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

Related Posts

Is it time for a long position in TRX?

02/01/2023

TRON spikes 5% today: Can TRX breakout continue?

01/09/2023

TRON (TRX) price plunge may be on the horizon

12/08/2022

Leave A Reply Cancel Reply

Top Posts
Cryptonews

Orbeon Protocol soars; Shiba Inu recovers on Shibarium launch

02/05/2023
Cryptonews

Aptos soars, and Orbeon Protocol is expected for 6000% gains

02/04/2023
Cryptonews

Cosmos, Chainlink, and Orbeon Protocol

02/03/2023

Subscribe to Updates

Get the latest Hot news from Center Crypto about Bitcoin, Altcoin, NFT, Market Updates Etc

Advertisement
Demo
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest YouTube
Top Insights

DOOM Game Now Available On Bitcoin; Here’s How You Can Play

02/08/2023

Nokia uses the Metaverse to connect remote breweries, train aircraft techs

02/08/2023

Hong Kong securities regulator adds crypto personnel for industry supervision

02/07/2023
Get Informed

Subscribe to Updates

Get the latest Hot news from Center Crypto about Bitcoin, Altcoin, NFT, Market Updates Etc

© 2023 ThemeSphere. Designed by ThemeSphere.
  • Terms & Conditions
  • Contact
  • Privacy Policy
  • DMCA

Type above and press Enter to search. Press Esc to cancel.