Convergence

2024

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Divergence

<p>After experiencing a strong pullback during the final week of August, the Tron price has regained momentum and is currently trading at a discount of ~5%. This hints at a high possibility of this altcoin achieving a new yearly high during the upcoming time.</p>  
<p>With rising volatility in the crypto market, is this the right time to invest in this digital asset? In this article, we have covered the short-term price analysis and sentiment of the 09th largest cryptocurrency by market capitalization.</p>  
<h2 class="wp-block-heading" id="h-make-or-break-situation-for-trx-price">Make Or Break Situation For TRX Price?</h2>  
<p>The Tron price has recorded a neutral trend over the past seven days by recording a change of +0.33%. Moreover, with a 24-hour trading volume of $274.91 million, it is currently valued at $0.1599. Notably, it has jumped ~50% this year, highlighting rising adoption for it in the market.</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/10/17185332/image-104-119-1024x537.png" alt="Tron Price Analysis 17th October 2024" class="wp-image-368346">
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  TradingView: TRX/USDT
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</figure>  
<p>The Moving Average Convergence Divergence (MACD) displays a constant decline in the green histogram. With a potential bearish convergence, the Tron token hints at a negative price action this week.</p>  
<p>Further, the SMA indicator has experienced a negative crossover in the 1D time frame. This indicates that the altcoin may lose value during the upcoming time.</p>  
<h2 class="wp-block-heading" id="h-is-tron-price-expected-to-rise">Is Tron Price Expected To Rise?</h2>  
<p>If the altcoin successfully retests its support trendline of the triangle pattern, the TRX coin price could retest its resistance level of $0.1635. Furthermore, if the bulls dominate the market, it will prepare to test its upper resistance level of $0.1760 this month.</p>  
<p>Conversely, if the bears gain dominance, the Tron crypto could break down its support trendline and drop toward its low of $0.15. Moreover, if the bearish sentiment intensifies, it could further plunge toward its lower support zone of $0.1450.</p>  
<p>Wondering if the TRX price will hit $0.20 this year? Read our <a href="https://coinpedia.org/price-prediction/trx-tron-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Tron (TRX) Price Prediction</a> 2024 - 2030 to clear all your existing doubts!</p>

Tron (TRX) Price To Retest $0.15 Before Recording A New High?

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