TRON (TRX/USD) Price: A Bullish Trend May Continue

TRON price may break up $0.162 level

 

TRON Price Analysis – 21 August

The $0.170 and $0.176 barriers may be overcome by the price of TRON if the buying trend persists above $0.162. If the price stays below $0.154, it might get closer to $0.145 and $0.140.

Key Levels:

Resistance levels: $0.162, $0.170, $0.176

Support levels: $0.154, $0.145, $0.140

TRX/USD Long-term Trend: Bullish

The size of the TRON daily chart is increasing. On July 29, the coin’s price eventually dropped below $0.140 following a brief decline. At $0.139, buyers were able to hold a steady line. The previously mentioned support barrier turned out to be impenetrable for TRON. The cost began to increase. Throughout the past one week, there has been a lot of steady in the buying pressure above the $0.145 and $0.154 levels. We’ve already looked at the $0.162 resistance level. The total amount spent this week may exceed $0.162.

Bulls are clinging to the $0.120 support level. When the price of TRON is above the Hull Suite forex signals indicator, the bulls are in charge. Given that it is higher than zero, the QQE MOD Crypto signaling indicator displays a positive trend. The $0.170 and $0.176 barriers may be overcome by the price of TRON if the buying trend persists above $0.162. If the price stays below $0.154, it might get closer to $0.145 and $0.140.

TRX/USD Medium-term Trend: Bullish

Over the course of the first four hours, the TRON image becomes brighter. In an effort to appease the bulls, TRON has purchased above $0.145 at this time. It steadily increased for approximately a week until breaking over the $0.154 resistance levels. Buyers may defend the mentioned support level as the price breaks through the prior barrier and approaches $0.162 level. Once the currency closes over $0.162, bulls can drive it higher.

The Hull Suite is currently less expensive than TRON. Additionally, when the QQE MOD rises beyond the zero threshold, the color blue indicates a purchase.

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