2024

TRON

<div class="coinidol">
 <div class="info">
  <div class="news_info">
   Jan 18, 2024 at 11:59 // Price
  </div>
  <div class="author-box">
   <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/42a/60_60_1/42aa5ec847dba7f5a2bce5378ae70614.png)"></div> <span>Author<br>Coin Idol </span>
  </div>
 </div> <img class="page-news__main-pic lazy-load-detail-picture" src="https://coinidol.comdata:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=" data-lazy-src="https://coinidol.com/upload/resize_cache/iblock/ac7/900_900_1/5if20e3qu9eui091mpassyyzdfyhxzjl.jpg" width="900" height="562" alt="" title="">
 <p><strong>The price of TRON (TRX) has returned to its rangebound zone after rising to a high of $0.1175. Price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> by Coinidol.com.</strong></p>
 <h2 style="text-align: justify;" id="tron-price-long-term-forecast-range">TRON price long-term forecast: range</h2>
 <p style="text-align: justify;">The altcoin has lost value over the last three days, falling into a range between $0.10 and $0.11. Since November 12, 2023, the upward momentum has been stifled at a high of $0.11. On January 14, 2024, TRON experienced another rejection after rising to a high of $0.1175. At the time of writing, the altcoin has fallen to a low of $0.1083.</p>
 <p style="text-align: justify;">On the downside, TRX/USD will continue its downtrend if it retraces and stays above the $0.10 support. The downtrend will continue if the bears fall below the $0.10 support. TRON will continue to fall and reach a low of $0.095.</p>
 <h2 style="text-align: justify;" id="tron-indicator-reading">TRON indicator reading</h2>
 <p style="text-align: justify;">TRON has retraced above the moving average lines and could continue to rise if it stays above these lines. The sideways trend has held the moving average lines horizontally. The presence of doji candlesticks has caused the price bars to trade moderately.</p>
 <h3 style="text-align: justify;" id="technical-indicators">Technical Indicators</h3>
 <p style="text-align: justify;"><b>Key supply zones: $0.09, $0.10, $0.11</b></p>
 <p style="text-align: justify;"><b>Key demand zones: $0.06, $0.05, $0.04</b></p>
 <p style="text-align: justify;"><b><img width="1024" alt="TRXUSD_ (Daily Chart) – Jan.17.jpg" src="https://cdn.thebittimes.com/images/2024/01/18/1df877328c21057db357a380eee8b185.webp" height="491" title="TRXUSD_ (Daily Chart) – Jan.17, 2024"><br> </b></p>
 <h2 style="text-align: justify;" id="what-is-the-next-direction-for-tron">What is the next direction for TRON?</h2>
 <p style="text-align: justify;">On the 4-hour chart, TRX/USD has fallen below the moving average lines. The upward correction was thwarted by the 50-day SMA. The price indicator predicts that TRX will fall to the 2.0 Fibonacci extension or $0.103. Price activity suggests that the market has reached a low of $0.108. Price action is characterized by doji candlesticks.</p>
 <p style="text-align: justify;"><img width="1024" alt="TRXUSD_ (4 hour Chart) – Jan.17.jpg" src="https://cdn.thebittimes.com/images/2024/01/18/65b277cbc7b6222d635b5535d9da4d77.webp" height="491" title="TRXUSD_ (4 hour Chart) – Jan.17, 2024"><br></p>
 <p style="text-align: justify;"><i><span style="color: #959595;">Disclaimer. This <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do the research before investing in funds.</span></i></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/tron-price-loses-value-and-slips-to-a-low-of-0-103-tbt76993.html">https://thebittimes.com/tron-price-loses-value-and-slips-to-a-low-of-0-103-tbt76993.html</a></p>

TRON Price Loses Value And Slips To A Low Of $0.103

Table of Contents

TheBitTimes

Other articles published on Jan 18, 2024

Get access to an exclusive $MCRT staking offer with 100% APR & Genesis NFTs rewards

EU Cracks Down on Crypto With Stricter Anti-Money Laundering Rules

McLaren Speed Ahead with Expanded OKX Partnership in 2024 F1 Season

How crypto becomes a big player in the 2024 presidential elections

Roundhill launches YBTC Bitcoin ETF with OTM strategy

Japanese Novelist Embraces AI in Prize-Winning Work

Join our free newsletter for daily crypto updates!