TRON (TRX/USD) Price Bounces Off $0.138 Resistance Level
Login

TRON (TRX/USD) Price Bounces Off $0.138 Resistance Level

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Bears’ pressure increases in TRON market

TRON Price Analysis – 13 March

If the purchasing trend continues above the $0.134 resistance level, the price of TRON may break above the $0.138 and $0.140 obstacles. TRON may overcome the $0.127 barrier and hit the support levels of $0.120 and $0.117 if the selling continues.

Key Levels:

Resistance levels: $0.134, $0.138, $0.140

Support levels: $0.127, $0.120, $0.117

TRX/USD Long-term Trend: Bearish

The daily chart of TRON exhibits bearish movement. The price of the coin tested the resistance level of $0.144 on 28 February after a long period of bullish trend. Sellers were able to maintain a stable line at $0.144 level. TRON bounces off the just-mentioned resistance level. The price is decreasing. Buyer activity appears to be decreasing since last week, and the price is getting close to the support level at $0.127.

TRON (TRX/USD) Price Bounces Off $0.138 Resistance Level

When the price of TRON is lower than the Hull Suite forex signals indicator, bears are pushing the market lower. The QQE MOD Crypto signals indicator shows a negative trend because it is below zero. If the purchasing trend continues above the $0.134 resistance level, the price of TRON may break above the $0.138 and $0.140 obstacles. TRON may overcome the $0.127 barrier and hit the support levels of $0.120 and $0.117 if the selling continues.

TRX/USD Medium-term Trend: Bearish

The image that covers the first four hours shows how TRON repelled. The fact that TRON has been trading below $0.134 level for the past on week has calmed the bulls’ enthusiasm. For about a week, it decreased at the same rate and overcame the $0.134, $0.138 support levels. As the price passed through the previous barrier and got closer to the $0.127 support level, sellers held on. Bears can keep driving the coin lower if it tries to cross the $0.127 level.

TRON (TRX/USD) Price Bounces Off $0.138 Resistance Level

As of right now, TRON is less expensive than the Hull Suite. Furthermore, when the QQE MOD is lower than zero, the color red indicates a sell.

You can purchase crypto coins here: Buy LBLOCK

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News