TRON Price Pulls back to test $0.34 Resistance Level

Declination may continue

TRON Price Analysis – 10 September

If the buying trend continues beyond $0.34, the price of TRON might be ready to break past the $0.36 and $0.37 barriers. The price may become closer to the $0.32 and $0.30 scripts if it remains below $0.30.

Key Levels:

Resistance levels: $0.34, $0.36, $0.37

Support levels: $0.33, $0.32, $0.30

TRX/USD Long-term Trend: Bearish

TRON chart started to drop not too long ago. The value of the coin fell to $0.30 on March 16. The purchasers promised to pay the fixed sum. The morning posture is always maintained by the merchandisers. TRON’s price started to increase when it failed to break through the $0.26 barrier, as was previously revealed. Dealing pressure has drastically escalated over the last month and has tested the $0.36 threshold. The price begins to move in a bearish manner following the formation of a double top chart pattern.

At the $0.36 resistance level, the bulls lost steam. Profit is lost when the price of TRON drops below the Hull Suite forex signals indicator. The QQE MOD Crypto signaling indicator shows a negative trend since it is below zero. If the buying trend continues beyond $0.34, the price of TRON might be ready to break past the $0.36 and $0.37 barriers. The price may become closer to the $0.32 and $0.30 scripts if it remains below $0.30.

TRX/USD Medium-term Trend: Bearish

The TRON image is getting worse throughout the first four hours. TRON is on a comforting downward trend and is presently trading below $0.34. If the price breaks through the prior barrier and begins to drop from the $0.34 level, merchants could be able to stay onto the previously advised position. After more than twenty-four hours, it may decrease and approach the prior support locations. As soon as the cryptocurrency closes below $0.33, bears can drive it lower.

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The Hull Suite is currently worth more than TRON. Additionally, a sell is indicated by the color red when the QQE MOD drops below the zero limit.

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