TRON Price Displays a Bullish Momentum

TRON may increase above $0.29

TRON Price Analysis – 07 January

The price of TRON may surpass the $0.30 and $0.31 levels if purchases continue past $0.29. The price may get closer to the $0.27 and $0.26 levels if it stays below $0.28.

Key Levels:

Resistance levels: $0.29, $0.30, $0.31

Support levels: $0.28, $0.27, $0.26

TRX/USD Long-term Trend: Bullish

A few days ago, the TRON chart started to deteriorate. The coin bottomed at $0.26 on December 23. The agreed-upon price was ready to be paid by buyers. Throughout the morning, merchants have been actively engaging. As previously indicated, TRON’s price began to incline after it was unable to cross the $0.26 mark. The price has increased to $0.28 during the last 72 hours due to a considerable reduction in selling pressure. When a double bottom chart pattern appears, the price starts to incline. Buying pressure increased at the resistance level of $0.26.

When the price of TRON flips above the Hull Suite forex signals indicator, there is a profit. Since it is currently above zero, the QQE MOD Crypto signal is increasing. The price of TRON may surpass the $0.30 and $0.31 levels if purchases continue past $0.29. The price may get closer to the $0.27 and $0.26 levels if it stays below $0.28.

 

TRX/USD Medium-term Trend: Bullish

For the first four hours, the TRON chart displays a bullish trend. TRON is now on a positive trend and trading above $0.28. Merchants may be able to maintain the previously recommended position if the price breaks through the prior barrier and begins to incline from the $0.26 level. After more than a day, it might stabilize and get closer to the prior support levels. Bullish factors may send the cryptocurrency up as soon as it closes above $0.28.

At the moment, the TRON is superior to Hull Suite. Blue also indicates a buy when the QQE MOD flip above zero.

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