Sellers exert more pressure
TRON Price Analysis – 01 October
The price of TRON may be prepared to surpass the $0.36 and $0.37 barriers if the buying enthusiasm keeps up past $0.34. The price may grow closer to the $0.32 and $0.30 scripts if it remains below $0.33.
Key Levels:
Resistance levels: $0.34, $0.36, $0.37
Support levels: $0.33, $0.32, $0.30
TRX/USD Long-term Trend: Bearish
Not too long ago, the TRON chart began to decline. On March 16, the coin’s value dropped to $0.30. The buyers promised to pay the stipulated amount. The merchandisers are always in the morning position. As previously disclosed, TRON’s price began to rise after it was unable to overcome the $0.30 barrier. Over the past month, dealing pressure has increased significantly and tested the $0.36 mark. The price starts to drop once a double top chart pattern is formed.
The bulls lost momentum at the resistance level of $0.36. When the price of TRON falls below the Hull Suite forex signals indicator, a profit is lost. Because it is below zero, the QQE MOD Crypto signaling indicator displays a negative trend. The price of TRON may be prepared to surpass the $0.36 and $0.37 barriers if the buying enthusiasm keeps up past $0.34. The price may grow closer to the $0.32 and $0.30 scripts if it remains below $0.33.
TRX/USD Medium-term Trend: Bearish
Over the first four hours, the TRON picture gets worse. TRON is currently trading below $0.34 and is on a reassuring downward trend. Merchants may be able to hold onto the previously recommended position if the price breaks over the previous barrier and starts to decline from the $0.34 level. It can diminish and get closer to the previous support sites after more than twenty-four hours. Bears may push the cryptocurrency down as soon as it closes below $0.33.
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