Buyers may gain momentum in TRON market
TRON Price Analysis – 17 April
The price of TRON may surpass the $0.117 and $0.120 barriers if the buying trend stays above $0.114. As an alternative, if the negative trend persists below $0.108, the price may drop to $0.101 and $0.097 levels.
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 falling. After a protracted upward trend, the coin’s price tested the $0.144 barrier on February 28. At $0.144, sellers were able to keep the line steady. For TRON, the previously reported resistance barrier proved to be impenetrable. The cost is going down. The past two weeks have seen less purchasing activity, and the price has risen after briefly testing the $0.108 support level. On the chart, the price produces a double-bottom pattern. There could be bullish action this week.
The bulls are defending the support level of $0.108. When the price of TRON is below the Hull Suite forex signals indicator, bears are dominating. Because it is lower than zero; the QQE MOD Crypto signals indicator displays a negative trend. The price of TRON may surpass the $0.117 and $0.120 barriers if the buying trend stays above $0.114. As an alternative, if the negative trend persists below $0.108, the price may drop to $0.101 and $0.097 levels.
TRX/USD Medium-term Trend: Bullish
The first four hours of the image demonstrate TRON’s tenacity. The fact that TRON is currently trading close to $0.114 has calmed the bears’ enthusiasm. It dropped steadily for more than a week before breaking through the $0.114 and $0.117 support levels. Buyers defend the level as the price breaks through the prior barrier and approaching the $0.114 resistance level. If the coin tries to break over $0.114, bulls may seek to move it higher.
As things stand, TRON is more expensive than the Hull Suite. Furthermore, a buy is indicated by the color blue when the QQE MOD is greater than zero level.
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