$0.268: Tron TRX Last Stand?
Tron is currently trading below the resistance at $0.297, the area characterised by slow and choppy price action.
1. A bounce from the nearby support level at $0.268 could suggest renewed buying interest, setting the stage for a potential move toward $0.297 (Dashed Green Projection).
2. A break and close above this level would indicate bullish strength, opening the path toward the next resistance at $0.339, followed by $0.377, providing room for a broader recovery (Solid Green Projection).
3. Conversely, if TRX fails to hold $0.268, it would indicate increasing bearish momentum, likely triggering a decline toward the key support zone at $0.226 (Red Projection).
1. A bounce from the nearby support level at $0.268 could suggest renewed buying interest, setting the stage for a potential move toward $0.297 (Dashed Green Projection).
2. A break and close above this level would indicate bullish strength, opening the path toward the next resistance at $0.339, followed by $0.377, providing room for a broader recovery (Solid Green Projection).
3. Conversely, if TRX fails to hold $0.268, it would indicate increasing bearish momentum, likely triggering a decline toward the key support zone at $0.226 (Red Projection).
ملاحظة
TRX was unable to break through $0.297 resistance and is back into the range zone where we continue to see sideways price action.ملاحظة
Tron remains in a narrow consolidation zone with slow and choppy price action. The $0.268 level will be a key area to watch in the coming hours and days. Bulls must defend this support; otherwise, the price could drop to $0.22 zone.
إخلاء المسؤولية
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