TRON Maintains Its Bullish Rise above $0.28

Tech

TRON Maintains Its Bullish Rise above $0.28

The TRON price continues its upward trend above the moving average lines.

TRX price long-term forecast: bullish

The cryptocurrency is forming a series of higher highs and higher lows as it approaches the $0.29 resistance level. Today, bullish momentum has pushed the price above the $0.29 barrier, reaching a high of $0.2985.

TRON is pulling back as it nears the $0.30 resistance level. The altcoin is now trading above the $0.29 support but below its recent high. If buyers break above the current barrier, the market could reach a high of $0.33. However, if TRON falls below the $0.29 level, it will return to the area above the $0.27 support.

Technical Indicators

Key Resistance Zones: $0.40, $0.45, and $0.50

• Key Support Zones: $0.20, $0.15, and $0.10

TRX price indicators analysis

The price bars are above the upward-sloping moving average lines. The 21-day SMA is above the 50-day SMA, indicating an uptrend. On the 4-hour chart, the moving average lines slope upwards, confirming a bullish trend. The price bars have bounced and risen above the 21-day SMA support.

What is the next move for TRON？

TRONs price is in an uptrend as buyers maintain positive momentum above the moving average lines. On the 4-hour chart, the cryptocurrency reached a high of $0.298 before pulling back.

TRX is currently trading above the 21-day SMA support but below the $0.298 high. The altcoin will decline if bears break through the 21-day SMA support. The upward trend will continue above the $0.298 high.