TRON (TRX/USD) Price Rebound at $0.169 Resistance Level

TRON market dominate by Sellers

 TRON Price Analysis – 11 September

Should the selling trend persist below $0.149, TRON’s price may breach the $0.142 and $0.135 barriers. If the price stays above $0.155, it can get close to the $0.162 and $0.17369 levels.

Key Levels:

Resistance levels: $0.155, $0.162, $0.169

Support levels: $0.149, $0.142, $0.135

TRX/USD Long-term Trend: Bearish

The daily chart for TRON is declining. Following a short decline, the coin’s price increased to above $0.162 on August 25. Buyers were allowed to set the price at the $0.169 level. At the previously specified level, sellers maintain a stable line. As previously mentioned, TRON was unable to breach the resistance barrier. The price began to decline. There has been a significant and consistent increase in selling pressure to the $0.149 level during the past week. The total amount spent this week can come to $0.149.

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Bears are retreating from the $0.169 resistance level. When the price of TRON is below the Hull Suite forex signals indicator, the bears are in charge. Because it is less than zero, the QQE MOD Crypto signaling indication displays a negative trend. Should the selling trend persist below $0.149, TRON’s price may breach the $0.142 and $0.135 barriers. If the price stays above $0.155, it can get close to the $0.162 and $0.17369 levels.

TRX/USD Medium-term Trend: Bearish

During the first four hours, the TRON picture becomes less dazzling. TRON has now dropped below $0.155 in an effort to appease bears. Before falling beyond the previously mentioned support levels, it is progressively declining for around a week. Sellers may hold the $0.155 resistance level if the price breaks through the prior barrier and begins to fall from there. Once the currency closes over $0.155, bulls may drive it higher.

.169 Resistance Level" width="580" height="259" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/09/4-hours-25-1024x458.png"/> TRON is now less expensive than the Hull Suite. Additionally, when the QQE MOD falls below the zero limit, the color red indicates a sell.

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