TRON Price May Continue Trade Below $0.28

TRON is targeting $0.26 level

TRON Price Analysis – 24 December

If buying continues beyond $0.28, the price of TRON may rise above the $0.29 and $0.30 levels. If the price remains below $0.27, it could approach the $0.26 and $0.25 levels.

Key Levels:

Resistance levels: $0.28, $0.29, $0.30

Support levels: $0.27, $0.26, $0.25

TRX/USD Long-term Trend: Bearish

The TRON chart started to decline a few days ago. On August 23, the coin reached its highest point at $0.36. Buyers were willing to pay the agreed-upon price. Merchants have been actively working throughout the morning. As previously mentioned, TRON’s price began to fall after it failed to break through the $0.30 level. Selling pressure has dropped significantly over the past 72 hours, causing the price to fall to the $0.27 level. The price starts to fall when a double top chart pattern appears. At the $0.36 resistance level, the buying pressure decreased.

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A loss occurs when the price of TRON drops below the Hull Suite forex signals indicator. The QQE MOD Crypto signal is declining because it is now below zero. If buying continues beyond $0.28, the price of TRON may rise above the $0.29 and $0.30 levels. If the price remains below $0.27, it could approach the $0.26 and $0.25 levels.

 

TRX/USD Medium-term Trend: Bearish

The TRON chart shows a worsening trend during the first four hours. TRON is currently trading below $0.28 and is following a downward trend. If the price breaks through the previous resistance and starts falling from the $0.28 level, merchants might be able to hold the previously suggested position. It may stabilize and approach the previous support levels after more than a day. As soon as the cryptocurrency closes below $0.27, bearish forces could push it lower.

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The Hull Suite is currently higher than TRON. Also, when the QQE MOD falls below zero, the color red signals a sell.

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