Tron has hovered above its support level, but bulls in the market may find it difficult to keep the price afloat in the near term. Verge moved in a confined channel as the elk did not line up with the bulls or bears. Finally, Dogecoin fell below the resistance of $ 0.0085, but the indicators were projecting a bullish rebound.
The price of Tron fell to the support level of $ 0.029 after the price failed to break above the high resistance level of $ 0.032. At the time of writing, Tron is trading near the aforementioned support level, with TRX falling more than 5% in the past 24 hours. Although the charts showed TRX to be above its press time support, indicators suggested that the bulls may struggle to maintain that level.
The MACD recorded a bearish cross and if the red bars on the histogram increase in length, the price may test the next barrier at $ 0.028.
The Chaikin Money Flow showed that the capital outflows were consistent with the crypto price declines, and a drop below zero could point to more declines for TRX.
At the time of writing, Verge was moving at a distance, as the 50-SMA (red) and 200-SMA (purple) offered key resistance and support levels. Since there seemed to be a lack of strong momentum in the market, XVG could move into its current channel in the coming sessions.
The Awesome oscillator showed that momentum has shifted between sellers and buyers over the past few sessions. At time of going to press, the AO was slightly bearish but lacked momentum.
Finally, the On Balance Volume showed moderate purchasing activity.
Dogecoin slipped below $ 0.0085 after the crypto asset came under selling pressure in the past 24 hours. While the press time support level is expected to hold the price down, a further pullback in the larger market could see the price fall below $ 0.008. However, the indicators were poised to reverse and the price may be heading towards its upper cap in the near term.
A bullish cross on the Stochastic RSI is a positive sign for the coming price and suggests that DOGE could move north on the charts.
Since the candlesticks traded on the lower band of Bollinger bands, a reversal to the upper band could be on the cards.
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