Skip to content
Trading Briefs

TRON Price Is Under Bears’ Pressure

Azeez Mustapha
Updated 1 min read
Article Rating:
Based on 1 vote
Login to rate this article.

Price may close below $0.33 zone

TRON Price Analysis – 24 September

If the purchasing momentum continues past $0.34, the price of TRON might be ready to break through the $0.36 and $0.37 barriers. The price may become closer to the $0.32 and $0.30 scripts if it remains below $0.33.

Key Levels:

Resistance levels: $0.34, $0.36, $0.37

Support levels: $0.33, $0.32, $0.30

TRX/USD Long-term Trend: Bearish

The TRON chart started to fall not too long ago. The coin’s value fell to $0.30 on March 16. The purchasers committed to paying the agreed-upon sum. The merchandisers maintain the morning stance at all times. As previously revealed, TRON’s price started to increase when it failed to break through the $0.30 barrier. Dealing pressure has risen sharply over the last month and tested the $0.36 threshold. Following the formation of a double top chart pattern, the price begins to decline.

At the $0.36 resistance level, the bulls lost steam. A 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 purchasing momentum continues past $0.34, the price of TRON might be ready to break through the $0.36 and $0.37 barriers. The price may become closer to the $0.32 and $0.30 scripts if it remains below $0.33.

TRX/USD Medium-term Trend: Bearish

The TRON image deteriorates 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 can lessen and approach the prior support sites. As soon as the cryptocurrency closes below $0.33, bears may drive it lower.

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.

Start using a world-class auto trading solution

You can purchase crypto coins here: Buy LBLOCK

 

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
8cap
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Trade Now
avatrade
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
Trade Now
avatrade
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
Trade Now
avatrade
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Trade Now

More Trading Briefs