TRON may decrease to $0.101 level
TRON Price Analysis – 30 May
The $0.117 and $0.120 barriers may be overcome by the price of TRON if the purchasing trend stays above $0.114. However, if the decreasing trend persists below $0.108, the price could drop to $0.101 and $0.097.
Key Levels:
Resistance levels: $0.114, $0.117, $0.120
Support levels: $0.108, $0.101, $0.097
TRX/USD Long-term Trend: Bearish
The daily chart for TRON is decreasing. On April 19, the coin’s price broke above the $0.101 barrier after a protracted downward trend. At $0.101, buyers were able to hold a steady line. For TRON, the previously described support barrier proved to be insurmountable. The cost is going up. Over the past two weeks, there has been less buying and a decrease in price following a brief fall below $0.114. The bearish engulfing candle that appeared on the chart shows the momentum of the sellers. There may be less profitable transactions this week that surpass the $0.108 barrier.
The $0.114 resistance level is being held by bears. When the price of TRON is below the Hull Suite forex signals indicator, bears are in the driver’s seat. Given that it is lower than zero, the QQE MOD Crypto signaling indicator displays a negative trend. The $0.117 and $0.120 barriers may be overcome by the price of TRON if the purchasing trend stays above $0.114. However, if the decreasing trend persists below $0.108, the price could drop to $0.101 and $0.097.
TRX/USD Medium-term Trend: Bearish
The first four hours of the image demonstrate TRON’s persistence. Now that TRON is trading below $0.114, the zeal of the bulls has diminished. It steadily fallen for more than a week before surpassing the $0.117 and $0.114 barrier levels. Sellers defend the level as the price breaks through the prior barrier and approaches the $0.108 support level. Bears may attempt to drive the currency lower if it breaks below $0.108.
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