TRON (TRX/USD) Price Buyers Are Defending $0.120 Level

Azeez Mustapha

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Bullish trend ongoing in TRON market

 TRON Price Analysis – 26 June

If the buying trend continues over $0.117, the price of TRON might be able to break through the $0.128 and $0.134 obstacles. Should the declining trend continue below $0.108, the price may fall through the levels of $0.104 and $0.900 levels.

Key Levels:

Resistance levels: $0.125, $0.128, $0.134

Support levels: $0.120, $0.118, $0.109

TRX/USD Long-term Trend: Bullish

The daily chart for TRON is becoming bigger. The coin’s price finally broke over $0.109 on April 19 following a protracted fall. At $0.109, buyers were able to hold a steady line. For TRON, the aforementioned support barrier proved to be insurmountable. The cost is going up. Over the past two weeks, there has been high volatility in the buying pressure above the $0.120 and $0.118 levels. There may be more buying deals that are more than $0.125 this week.

TRON (TRX/USD) Price Buyers Are Defending $0.120 Level

Approximately $0.120 is the barrier level that bulls are holding. When the price of TRON is above the Hull Suite forex signals indicator, the bulls are in charge. Given that it is greater than zero, the QQE MOD Crypto signaling indicator displays a positive trend. The $0.128 and $0.134 barriers may be overcome by the price of TRON if the purchasing trend stays above $0.125. If the downward trend persists below $0.120, the price can breach the $0.118 and $0.109 levels.

TRX/USD Medium-term Trend: Bullish

The first four hours of the image demonstrate TRON’s persistence. Now that TRON is trading over $0.118, the zeal of the bears has decreased. It fell steadily for approximately a week until breaking through the resistance levels of $0.120 and $0.118. Buyers defend the level as the price breaks past the prior barrier and approaches the $0.120 resistance level. Upon closing above the level, bulls may attempt to drive the currency higher.

TRON (TRX/USD) Price Buyers Are Defending $0.120 LevelFor now, the Hull Suite is less expensive than TRON. Additionally, the color blue denotes a buy when the QQE MOD is higher than the zero threshold.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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