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Buyers are gaining momentum in TRON market
TRON Price Analysis – 24 April
If the buying trend continues over $0.114, the price of TRON can break above the $0.117 and $0.120 obstacles. Alternatively, the price may fall to the levels of $0.101 and $0.097 if the negative trend continues below $0.108.
Key Levels:
Resistance levels: $0.114, $0.117, $0.120
Support levels: $0.108, $0.101, $0.097
TRX/USD Long-term Trend: Bullish
The TRON daily chart is inclining. The coin’s price tested the $0.101 barrier on 19 April following a lengthy falling trend. Buyers managed to hold the line firm at $0.101. The previously documented support barrier turned out to be unbreakable for TRON. The price is increasing. Less selling has occurred over the last two weeks, and the price has increased after momentarily touching the $0.114 resistance level. The pin bar candle formed on the chart indicates buyers’ momentum. This week could see positive trading.
Bulls are guarding the $0.108 support level. Bulls are in control when the price of TRON is above the Hull Suite forex signals indicator. The QQE MOD Crypto signals indicator shows a positive trend since it is higher than zero. If the buying trend continues over $0.114, the price of TRON can break above the $0.117 and $0.120 obstacles. Alternatively, the price may fall to the levels of $0.101 and $0.097 if the negative trend continues below $0.108.
TRX/USD Medium-term Trend: Bullish
The image’s first four hours show how persistent TRON is. The bears’ fervor has subsided because TRON is currently trading near $0.114. Before breaking through the $0.117 and $0.120 resistance levels, it rise gradually for over a week. As the price breaks past the previous barrier and gets closer to the $0.114 resistance level, buyers defend the level. Upon attempting to break above $0.114, bulls can try to push the coin higher.
Right now, the Hull Suite is less priced than TRON. Moreover, when the QQE MOD is higher than zero level, the color blue indicates a purchase.
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