TRON is under bullish pressure
TRON Price Analysis – 14 January
If buying continue past $0.30, the price of TRON may rise over the $0.31 and $0.32 levels. If the price remains below $0.29, it can approach the $0.28 and $0.27 levels.
Key Levels:
Resistance levels: $0.30, $0.31, $0.32
Support levels: $0.29, $0.28, $0.27
TRX/USD Long-term Trend: Bullish
The TRON chart began to incline a few days ago. On December 23, the coin’s lowest value was $0.26. Buyers were prepared to pay the agreed-upon sum. Merchants have been actively participating throughout the morning. As mentioned earlier, TRON’s price started to rise after failing to surpass $0.26. Due to a significant increase in buying pressure, the price has risen to $0.30 over the past 72 hours. The price begins to rise when a double bottom chart pattern emerges. At the $0.27 support level, buying pressure intensified.
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A profit is made when the price of TRON flips above the Hull Suite forex signals indicator. The QQE MOD Crypto signal is rising because it is currently above zero. If buying continue past $0.30, the price of TRON may rise over the $0.31 and $0.32 levels. If the price remains below $0.29, it can approach the $0.28 and $0.27 levels.
TRX/USD Medium-term Trend: Bullish
The TRON chart shows a bullish trend over the first four hours. TRON is currently trading above $0.28 and is on a good trend. If the price breaks through the previous barrier and starts to rise from the $0.28 level, merchants might be able to hold onto the previously advised position. It may settle and approach the previous support levels after more than a day. The cryptocurrency could rise as soon as it closes over $0.30 due to bullish factors.
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