TRON Price May Break Down $0.27 Point

Buyers are gathering momentum in TRON market

TRON Price Analysis – 04 February

The price of TRON may increase above $0.29 and $0.30 if purchases remain above $0.28. The price may get close to the $0.26 and $0.25 levels if it stays below $0.27.

Key Levels:

Resistance levels: $0.28, $0.29, $0.30

Support levels: $0.27, $0.26, $0.25

TRX/USD Long-term Trend: Bearish

A few days ago, the TRON chart started to rise. The coin’s value reached a peak of $0.32 on January 19. The agreed-upon amount was ready to be paid by buyers. Throughout the morning, merchants have been actively participating. As previously indicated, TRON’s price began to drop after hitting $0.32. The price has plummeted to $0.28 as a result of a notable decrease in buying pressure over the last 96 hours. When a double top chart pattern appears, the price starts to drop. Selling pressure increased at the $0.32 barrier level.

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When the price of TRON drops below the Hull Suite forex signals indicator, a loss takes place. Since the QQE MOD Crypto signal is currently below zero, it is decreasing. The price of TRON may increase above $0.29 and $0.30 if purchases remain above $0.28. The price may get close to the $0.26 and $0.25 levels if it stays below $0.27.

TRX/USD Medium-term Trend: Bullish

For the first four hours, the TRON chart displays an inclining trend. TRON is presently on an attempt to commence upward trajectory and trading above $0.27. Merchants may be able to maintain the previously recommended position if the price breaks through the prior barrier and begins to incline from the $0.27 level. After more than a day, it can level off and get closer to the earlier resistance levels. Bullish factors could cause the cryptocurrency to increase as soon as it closes above $0.27.

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