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TRON Price Analysis – 27 March
If the buying trend continues over the $0.124 level, the price of TRON may break through the $0.134 and $0.138 obstacles. Alternatively, continuation of bearish movement below $0.120 will decrease price to $0.114 and $0.108 levels
Key Levels:
Resistance levels: $0.124, $0.134, $0.138
Support levels: $0.120, $0.114, $0.108
TRX/USD Long-term Trend: Bearish
TRON daily chart is moving in a bearish manner. On February 28, the coin’s price tested the $0.144 barrier following a lengthy upward trend. Sellers managed to hold the line firm at $0.144. The resistance barrier that was previously mentioned could not be overcome by TRON. The price is decreasing. The amount of buying activity appears to have decreased since last week, and the price tested the $0.108 support level but currently pulling back.
When the price of TRON is less than the Hull Suite forex signals indicator, bears are pushing the market lower. The QQE MOD Crypto signals indicator shows a negative trend since it is below zero. If the buying trend continues over the $0.124 level, the price of TRON may break through the $0.134 and $0.138 obstacles. Alternatively, a continuation of bearish movement below $0.120 will decrease price to $0.114 and $0.108 levels.
TRX/USD Medium-term Trend: Bearish
The image’s first four hours show how TRON resisted. The fact that TRON has been trading below $0.120 for the past week has calmed the bulls’ enthusiasm. For about a week, it fell at the same rate and broke through the $0.117 and $0.114 support levels. As the price broke over the previous barrier and got closer to the $0.108 support level, Buyers defend the level. Bulls might push the coin higher if it tries to break past the $0.124 mark.
For present, TRON is more expensive than the Hull Suite. Furthermore, when the QQE MOD is more than zero level, the color blue indicates a buy.
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