Tron seems very eager to test $ 0.03 in the next 24 hours and then convert it to support. Dogecoin, on the other hand, has witnessed slight bearish pressure in the past few days.
Tron (TRX) price analysis
TRX touched the $ 0.027 support level in its last decline and moved above the 4: 1 Gann fan line in the past few days.
In the next 24 hours, the intersection between the 3: 1 fan line and the $ 0.03 horizontal resistance will be the bulls’ target. TRX can be expected to climb to this level and test it. It can either be strongly rejected or consolidate just below resistance for a few hours to support the $ 0.03 level.
The RSI moves below 50 to indicate decline, but may exceed this value to indicate the onset of upward momentum.
Dogecoin (DOGE) price analysis
DOGE continues to stay above the $ 0.008 level. There has been a sedentary DOGE in the last few weeks, while the last few days have given the bears some control in the market.
The 20 and 50-period moving averages (white and yellow respectively) formed a bearish trend as the DOGE dropped below the $ 0.0088 level. If DOGE drops below $ 0.0079, bearish momentum can be considered to be strengthening. The Awesome Oscillator also dropped weakly.