Tron (TRX) Price Analysis – December 27
Tron coin was trading at $0.0134 when it opened the day, and over the next few minutes, it started downside movement.
Resistance levels: $0.015, $0.016, 0.017
Support levels: $0.012, $0.011, $0.010
TRX/USD remained indifferent as the last five days were extremely bearish, wherein the price fell from $0.014 to $0.013. Today, the price has gone up to $0.0135. The daily price has been trending below the 9-day moving average as the trading volume decreases. While TRX/USD remains in an unstable market movement, a price surge is more likely to play out.
However, for an upsurge, the Tron price is likely to meet the nearest resistances at $0.015, $0.016, and $0.017 before we can see consider more levels for the trade. A down surge, however, could plummet the market to $0.012, $0.011 and $0.0.010 supports after a possible break at $0.013. The RSI has maintained trading in sideways and moving above the 40-level, showing an indecisive movement.
Against BTC, the pair has eventually broken another important support at the 185 SAT. Tron price may likely see another sharp drop at 180 SAT support level as it moves below the 9-day moving average. Breaking this level could further push the market to the nearest support levels at 175 SAT, 170 SAT, and 165 SAT.
However, TRX is currently changing hands at 183 SAT and if the bulls can hold the price tight as it is, the next key target price lies at 195 SAT and 200 SAT respectively. Reaching these levels may likely move the market to the 205 SAT level. Meanwhile, RSI (14) is moving around the 40-level and breaking below may likely give more bearish signals.
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