TRON price: Selling Pressure Is Building Up

Bearish momentum may break down $0.25 barrier

TRON Price Analysis – 31 December

If the buying trend persists over $0.30, the price of TRON might be able to break through the $0.34 and $0.44 obstacles. If the price stays below $0.25, it might get closer to the $0.22 and $0.21 levels

Key Levels:

Resistance levels: $0.30, $0.34, $0.44

Support levels: $0.25 $0.22, $0.21

TRX/USD Long-term Trend: Bearish

The daily chart for TRON is negative. The coin’s value increased somewhat to $0.449 on November 12. The buyers promised to pay the sum that was agreed upon. The line is always maintained at the starting point provided by the vendors. As previously disclosed, TRON’s price began to fall when it was unable to break through the $0.44 barrier. Over the past week, selling pressure has been building gradually and has already surpassed the $0.30 mark. Additionally, the total amount spent this week could not be as much as stated.

The bulls lost ground at the resistance level of $0.44. When TRON’s price crosses the Hull Suite forex signals indicator to the negative, bulls lose money. Because it is below zero, the QQE MOD Crypto signaling indicator displays a negative trend. If the buying trend persists over $0.30, the price of TRON might be able to break through the $0.34 and $0.44 obstacles. If the price stays below $0.25, it might get closer to the $0.22 and $0.21 levels.

TRX/USD Medium-term Trend: Bullish

The TRON image deteriorates throughout the first four hours. TRON is presently on a comfortingly declining trend and trading below $0.30. Sellers may be able to maintain the level that was just recommended if the price breaks through the prior barrier and begins to decline from there. For almost 24 hours, it steadily dropped approaching the previous support levels. As soon as the coin closes below $0.25, bears can drive it lower.

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

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