Cryptocurrency analysts from Coinidol.com have observed that the price of TRON (TRX) has been on an upward trend since June 20. The cryptocurrency broke above the moving average lines but may face resistance near the high of $0.076 or $0.078. Buyers have struggled to push the price above these levels in the past month. If the bulls break the resistance at $0.078, TRON could reach a high of $0.085. Currently, the altcoin is trading at $0.074 with resistance at $0.076. The bullish momentum is facing rejection at the recent high. If the price stays above the moving average lines, the uptrend could continue, but falling below the moving average lines could end the bullish momentum, potentially causing TRX to fall back to $0.070. TRON is currently in the positive trend zone of the Relative Strength Index and the upward moving average lines indicate the trend. Key supply zones are $0.07, $0.08, and $0.09, while key demand zones are $0.06, $0.05, and $0.04. The next direction for TRON is uncertain as it is currently trading in a positive trend zone but the market is overbought. On June 21, 2023, Coinidol.com reported that TRON has been experiencing sideways movement above the $0.069 support since the price decline on June 10, with limited price movement indicated by Doji candlesticks.
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