TRON is obeying bears
TRON Price Analysis – 21 January
The price of TRON may surpass the $0.31 and $0.32 levels if purchases continue above $0.30. The price may get close to the $0.28 and $0.27 levels if it stays below $0.29.
Key Levels:
Resistance levels: $0.30, $0.31, $0.32
Support levels: $0.29, $0.28, $0.27
TRX/USD Long-term Trend: Bearish
A few days ago, the TRON chart started to rise. The coin’s highest value was $0.32 on January 19. The agreed-upon amount was ready to be paid by buyers. Throughout the morning, merchants have been actively involved. As previously stated, TRON’s price began to decrease after rising to $0.32. Over the last 72 hours, the price has decreased to $0.29 due to a notable decrease in buying pressure. When a double top chart pattern appears, the price starts to fall. selling pressure increased at the $0.32 resistance level.
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When the price of TRON moves below the Hull Suite forex signals indicator, a losss is realized. Since it is currently below zero, the QQE MOD Crypto signal is decreasing. The price of TRON may surpass the $0.31 and $0.32 levels if purchases continue above $0.30. The price may get close to the $0.28 and $0.27 levels if it stays below $0.29.
TRX/USD Medium-term Trend: Bearish
Over the first four hours, the TRON chart displays a negative trend. TRON is on a downward trend and is now trading below $0.30. Merchants may be able to maintain the previously recommended position if the price breaks through the prior barrier and begins to decrease from the $0.30 level. After more than a day, it can level off and get closer to the prior support levels. Bearish factors could cause the cryptocurrency to decrease as soon as it closes below $0.30.
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