TRON (TRX/USD) Price: Bulls Are Defending $0.108 Support Level
Login

TRON (TRX/USD) Price: Bulls Are Defending $0.108 Support Level

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

Azeez Mustapha

Updated:

Buyers soon may dominate TRON market

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.

TRON (TRX/USD) Price: Bulls Are Defending $0.108 Support Level

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.

TRON (TRX/USD) Price: Bulls Are Defending $0.108 Support Level

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.

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