Cryptopolitan
2021-09-20 02:24:15

TRON price analysis: TRX/USD struggles to break 0.110 resistance, what’s next?

TL;DR Breakdown TRON price analysis shows that the market is balanced yet slightly bearish.The price is hovering between $0.104426 and $0.105276 in the last 24 hours.A strong competition is on-going between the bulls and the bears.The market is expected to become bullish in the next few hours.Not the best time for a short-term investment due to high uncertainty. Today, the TRON market is showing slightly bullish tendencies, yet the resistance is taking over, although it seems to be struggling to retrace yesterday’s dip. Between 16th and 17th, TRON underwent a period of bearish engulfing. Now it might take a while before the coin manages to retrace. Cryptocurrency heat map by Coin360 Overall, the crypto heat map of the entire market shows bullish sentiments. Except for a few altcoins, all major crypto coins such as Ethereum (0.75 percent) and Bitcoin (1.98 percent) are marking an increase. TRON Price Chart by TradingView The 1-Day graph of TRON price analysis gives us a good picture of the ongoing war between the bulls and the bears. It looks like the bulls are struggling to push the market up, but the resistance is just too high to tackle. The RSI, however, shows significant stability at 54.65. Moreover, the MACD analysis shows an impending crossover, which is bound to shift the market further down. 24 Hours price movement of TRON – Slightly bearish in a neutral market TRON Price Chart by TradingView Just 24 hours ag...

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