Sellers’ momentum decreasing
TRON Price Analysis – 29 October
The price of TRON may be poised to surpass the $0.31 and $0.32 barriers if the buying frenzy persists over $0.30. The price may approach the $0.28 and $0.27 scripts if it remains below $0.29.
Key Levels:
Resistance levels: $0.30, $0.31, $0.32
Support levels: $0.29, $0.28, $0.27
TRX/USD Long-term Trend: Bearish
A few days ago, the TRON chart began to decline. On August 23, the coin’s value peaked at $0.36. The buyers committed to paying the agreed-upon amount. The merchandisers are always at work in the mornings. As previously disclosed, TRON’s price began to fall after it was unable to overcome the $0.36 barrier. Over the past 48 hours, dealing pressure has increased significantly and tested the $0.29 barrier. The price starts to fall when a double top chart pattern appears.
The bulls lost momentum at the resistance level of $0.36. When the price of TRON crosses below the Hull Suite forex signals indicator, a losst is realized. Given that it is below zero, the QQE MOD Crypto signaling indicator exhibits a negative trend. The price of TRON may be poised to surpass the $0.31 and $0.32 barriers if the buying frenzy persists over $0.30. The price may approach the $0.28 and $0.27 scripts if it remains below $0.29.
TRX/USD Medium-term Trend: Bearish
Over the first four hours, the TRON image declines. TRON is currently trading below $0.30 and is on a reassuring downward trend. Merchants may be able to hold onto the previously recommended position if the price breaks through the previous barrier and starts to fall from the $0.36 level. It might fall and get closer to the previous support sites after more than twenty-four hours. Bears may push the cryptocurrency lower as soon as it closes below $0.29.
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