The price of TRON (TRX) has recovered and rallied above the moving average lines as it continues its horizontal trend.

Long-term TRX price forecast: ranging

The crypto price struggled to move above the moving average lines, but it broke above them. The altcoin fell back to its small range of $0.22 to $0.26 after peaking at $0.248. The dominance of doji candlesticks has limited price fluctuations, as Coinidol.com reports. 

TRON has pulled back above the moving average lines. This points to further upside if the price remains above the moving average lines. 

On the plus side, if the altcoin recovers and breaks above the $0.26 level, it will rise again. The price of TRON will rise to $0.30. In the meantime, the altcoin has been consistently above the moving average lines.

TRX indicator analysis

The moving average lines are horizontally flat due to the sideways trend. The price bars fluctuate above and below the moving average lines. The presence of doji candlesticks has limited the price movement.

Technical Indicators 

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

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

What is the next move for TRON?

TRON’s price is fluctuating as the altcoin continues its horizontal trend. It is doubtful that the price of the altcoin will move up or down as long as it continues its horizontal trend. The barrier at $0.25 is hindering the upward movement on the 4-hour chart. TRON will start to rise if the resistance level at $0.25 is broken.

Disclaimer. This analysis and forecast are the personal opinions of the author. They are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.