TRON price: Selling Momentum Increases

TRON may reduce to $0.22 zone

 TRON Price Analysis – 08 January

The price of TRON may be able to overcome the $0.34 and $0.44 barriers if the buying trend continues above $0.30. The price may approach the $0.22 and $0.21 levels if it remains below $0.25.

Key Levels:

Resistance levels: $0.30, $0.34, $0.44

Support levels: $0.25 $0.22, $0.21

TRX/USD Long-term Trend: Bearish

TRON’s daily chart shows a negative value. On November 12, the coin’s value slightly raised to $0.449. The purchasers pledged to pay the agreed-upon amount. The queue is always kept at the beginning location that the vendors supply. As previously revealed, TRON’s price started to decline after it failed to overcome the $0.44 barrier. Selling pressure has been steadily increasing over the last week and has now crossed the $0.30 threshold. Furthermore, this week’s overall expenditure could not have been as high as reported.

The resistance level of $0.44 was where the bulls lost ground. Bulls lose money when the price of TRON passes the Hull Suite forex signals indicator to the negative. The QQE MOD Crypto signaling indicator shows a negative trend since it is below zero. The price of TRON may be able to overcome the $0.34 and $0.44 barriers if the buying trend continues above $0.30. The price may approach the $0.22 and $0.21 levels if it remains below $0.25.

TRX/USD Medium-term Trend: Bearish

Over the first four hours, the TRON picture gets bearish. TRON is currently trading below $0.30 and on a reassuring downward trend. If the price breaks through the previous barrier and starts to fall from there, sellers might be able to hold onto the level that was just advised. It declined gradually for nearly twenty-four hours, getting closer to the earlier support levels. Bears can push the coin down as soon as it closes below $0.25.

At the moment, the Hull Suite costs more than TRON. Additionally, when the QQE MOD falls below the zero limit, the color red indicates a sell.

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