TRON (TRX/USD) Price: Bulls’ Pressure May Increase

TRON may increase to $0.128 level

 TRON Price Analysis – 05 June

If the buying trend continues over $0.117, the price of TRON can break above the $0.128 and $0.134 obstacles. However, the price may fall below $0.108 and $0.104 if the declining trend continues below $0.113.

Key Levels:

Resistance levels: $0.117, $0.128, $0.134

Support levels: $0.113, $0.108, $0.104

TRX/USD Long-term Trend: Bearish

TRON daily chart is getting smaller. Following a lengthy decline, the coin’s price finally broke above the $0.104 barrier on April 19. Buyers managed to maintain a steady line at $0.104. The previously mentioned support barrier turned out to be insurmountable for TRON. The price is rising. After a brief dip below $0.104, there has been less buying over the last two weeks, and the price has decreased. The chart’s bearish engulfing candle, which emerged, indicates the sellers’ momentum. This week, there might be less lucrative deals that cross the $0.108 threshold.

Bears are holding the resistance level around $0.117. Bears are in control when the price of TRON is below the Hull Suite forex signals indicator. The QQE MOD Crypto signaling indicator shows a negative trend because it is less than zero. If the buying trend continues over $0.117, the price of TRON can break above the $0.128 and $0.134 obstacles. However, the price may fall below $0.108 and $0.104 if the declining trend continues below $0.113.

TRX/USD Medium-term Trend: Bullish

The image’s first four hours show how persistent TRON is. With TRON trading above $0.113, the bears’ fervor has subsided. It dropped continuously for over a week before breaking through the $0.108 and $0.113 barrier levels. As the price breaks through the previous barrier and gets closer to the $0.117 resistance level, buyers defend the level. If the currency closes above $0.117, bulls can try to push it higher.

The Hull Suite is currently less expensive than TRON. Moreover, when the QQE MOD is higher than zero level, the color blue indicates a buy.

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