TRON Price Displays a Bearish Momentum

TRON may decrease below $0.27

TRON Price Analysis – 31 December

If buying continues beyond $0.28, the price of TRON may rise above the $0.29 and $0.30 levels. If the price remains below $0.27, it could approach the $0.26 and $0.25 levels.

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 decline a few days ago. On August 23, the coin reached its peak at $0.36. Buyers were ready to pay the agreed price. Merchants have been actively involved throughout the morning. As mentioned earlier, TRON’s price started to fall after it failed to break through the $0.30 level. Selling pressure has significantly decreased over the past 72 hours, leading the price down to $0.27. The price begins to drop when a double top chart pattern forms. At the $0.36 resistance level, buying pressure declined.

A loss occurs when the price of TRON drops below the Hull Suite forex signals indicator. The QQE MOD Crypto signal is declining as it is now below zero. If buying continues beyond $0.28, the price of TRON may rise above the $0.29 and $0.30 levels. If the price remains below $0.27, it could approach the $0.26 and $0.25 levels.

TRX/USD Medium-term Trend: Bearish

The TRON chart shows a weak trend during the first four hours. TRON is currently trading below $0.28 and following a downward trend. If the price breaks through the previous resistance and starts falling from the $0.28 level, merchants might be able to hold the previously suggested position. It may stabilize and approach the previous support levels after more than a day. As soon as the cryptocurrency closes below $0.27, bearish forces could push it lower.

The Hull Suite is currently higher than TRON. Additionally, when the QQE MOD falls below zero, the color red signals a sell.

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