Buyers lost momentum
TRON Price Analysis – 27 August
The price of TRON may be ready to surpass the $0.36 and $0.37 barriers if the buying trend persists above $0.34. The price may become closer to the $0.32 and $0.30 scripts if it remains below $0.30.
Key Levels:
Resistance levels: $0.34, $0.36, $0.37
Support levels: $0.33, $0.32, $0.30
TRX/USD Long-term Trend: Bearish
Three days ago, the TRON chart started declination. On March 16, the coin’s value fell to $0.30. The purchasers promised to pay the sum that was agreed upon. At all times, the merchandisers keep the line in the morning position. As previously revealed, TRON’s price started to increase after failing to break through the $0.26 barrier. Dealing pressure has risen sharply over the last month and tested the $0.36 threshold. A double top chart pattern formed and the price commences a bearish movement.
At the $0.36 resistance level, the bulls lost steam. Bears make money when the price of TRON surpasses the Hull Suite forex signals indicator downside. The QQE MOD Crypto signaling indicator shows a negative trend because it is below zero. The price of TRON may be ready to surpass the $0.36 and $0.37 barriers if the buying trend persists above $0.34. The price may become closer to the $0.32 and $0.30 scripts if it remains below $0.30.
TRX/USD Medium-term Trend: Bearish
The TRON image is declining for the first four hours. TRON is on a comforting falling trend and is now trading below $0.34. If the price breaks through the prior barrier and begins to decrease from the $0.34 level, merchants might be able to stay onto the previously advised position. After more than twenty-four hours, it may decrease and approach the prior support sites. As soon as the cryptocurrency closes below $0.33, bears can push it lower.
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