Sellers’ pressure increase in TRON market
TRON Price Analysis – 28 January
If purchases stay over $0.29, the price of TRON can rise above the $0.30 and $0.31 levels. If the price remains below $0.28, it can approach the $0.27 and $0.26 levels.
Key Levels:
Resistance levels: $0.29, $0.30, $0.31
Support levels: $0.28, $0.27, $0.26
TRX/USD Long-term Trend: Bearish
The TRON chart began to increase a few days ago. On January 19, the coin’s value peaked at $0.32. Buyers were prepared to pay the agreed-upon sum. Merchants have been actively engaging throughout the morning. As mentioned earlier, TRON’s price started to decline after reaching $0.32. Due to a significant drop in buying pressure during the past 96 hours, the price has dropped to $0.28. The price begins to decline when a double top chart pattern emerges. At the resistance level of $0.32, selling pressure intensified.
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A loss occurs when the price of TRON falls below the Hull Suite forex signals indicator. The QQE MOD Crypto signal is diminishing since it is presently below zero. If purchases stay over $0.29, the price of TRON can rise above the $0.30 and $0.31 levels. If the price remains below $0.28, it can approach the $0.27 and $0.26 levels.
TRX/USD Medium-term Trend: Bearish
The TRON chart shows a downward trend within the first four hours. TRON is currently trading below $0.29 and is on a negative trend. If the price breaks over the previous barrier and starts to drop from the $0.29 level, merchants could be able to hold onto the previously suggested position. It may level off and approach the previous support levels after more than a day. The cryptocurrency may decline as soon as it closes below $0.29 due to bearish causes.
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