TRON Price: Bears Could Push It Lower

Previous low at $0.26 may be tested

TRON Price Analysis – 17 December

If the buying frenzy continues past $0.28, the price of TRON might be set to break through the $0.29 and $0.2930 limits. The price may approach the $0.26 and $0.25 scripts if it remains below $0.27.

Key Levels:

Resistance levels: $0.28, $0.29, $0.30

Support levels: $0.27, $0.26, $0.25

TRX/USD Long-term Trend: Bearish

The TRON chart began to show a decline a few days back. On August 23, the coin’s value reached its highest point at $0.36. The buyers committed to paying the agreed price. Merchandisers are working continuously throughout the morning. As previously noted, TRON’s price started to drop after it failed to surpass the $0.30 level. The pressure from selling has dropped significantly in the last 48 hours, bringing the price down to the $0.27 level. The price begins to fall when a double top pattern appears on the chart.

At the $0.36 resistance level, the bulls lost their momentum.A loss is recorded when the price of TRON drops below the Hull Suite forex signals indicator. The QQE MOD Crypto signal is also decreasing because it is below zero. If the buying activity continues beyond $0.28, the price of TRON could rise above the $0.29 and $0.2930 levels. However, if the price remains below $0.27, it may drop close to the $0.26 and $0.25 levels.

TRX/USD Medium-term Trend: Bearish

The TRON image deteriorates over the first four hours. TRON is currently trading below $0.28 and is on a reassuring downward trend. If the price breaks through the prior barrier and begins to fall from the $0.28 level, merchants might be able to maintain the previously suggested position. It may lessen and get closer to the prior support locations after more than a day. As soon as the cryptocurrency closes below $0.27, bears could push it lower.

The Hull Suite is currently worth more than TRON. Additionally, when the QQE MOD falls below the zero limit, the color red denotes a sell.

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