TRON price Bounces Off $0.44 Barrier Zone

Bearish momentum may continue in TRON market

TRON Price Analysis – 25 December

The price of TRON may be able to overcome the $0.34 and $0.44 barriers if the buying trend continues above $0.30. The price may approach the $0.22 and $0.21 levels if it remains below $0.25

Key Levels:

Resistance levels: $0.30, $0.34, $0.44

Support levels: $0.25 $0.22, $0.21

TRX/USD Long-term Trend: Bearish

The TRON daily chart is bearish. On November 12, the coin’s value slightly raised to $0.449. The purchasers committed to paying the agreed-upon amount. The line is always kept at the beginning point that the vendors supply. As previously revealed, the price of TRON started to decline after it failed to breach the barrier at $0.44. Selling pressure has been steadily increasing over the past week and has already crossed the $0.30 threshold. Furthermore, the entire amount spent this week may be less than what is specified.  Around the $0.44 resistance level, the bulls lost ground. Bulls lose money when the price of TRON crosses the Hull Suite forex signals indicator to the downside. The QQE MOD Crypto signaling indicator shows a negative trend since it is below zero. The price of TRON may be able to overcome the $0.34 and $0.44 barriers if the buying trend continues above $0.30. The price may approach the $0.22 and $0.21 levels if it remains below $0.25.

TRX/USD Medium-term Trend: Bullish

Over the first four hours, the TRON picture gets worse. TRON is currently trading below $0.30 and on a reassuringly downward trend. If the price breaks through the previous barrier and starts to decrease from there, sellers might be able to hold onto the level that was just suggested. It gradually declined toward the prior support levels for around twenty-four hours. Bears may push the coin down as soon as it closes below $0.25.

At the moment, the Hull Suite costs more than TRON. Additionally, when the QQE MOD is below the zero limit, the color red indicates a sell.

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