TRON (TRX/USD) Price: Buyers’ Pressure May Push Above $0.140 Level

Bulls over power Bears in TRON market

TRON Price Analysis – 21 February

The price of TRON can surpass the $0.143 and $0.145 barriers if the buying trend holds over the $0.140 resistance level. If selling persists, TRON might be able to break through the $0.138 barrier and reach the support levels of $0.130 and $0.127.

Key Levels:

Resistance levels: $0.140, $0.143, $0.145

Support levels: $0.138, $0.130, $0.127

TRX/USD Long-term Trend: Bullish

The daily chart of TRON is always moving in a bullish manner. Over the previous four weeks, the cryptocurrency’s price fluctuated between $0.127 and $0.130. The buyers crossed the $0.130 threshold. Buyers tried to drive prices above $0.138 last week, but sellers couldn’t keep the line going. At $0.140, TRON tested the resistance level. The cost went up. It appears to be approaching the prior highs of around $0.140 as buyers appear to be gathering traction today.

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Bulls are driving the market higher when the price of TRON surpasses the Hull Suite signal. Since the QQE MOD indicator is above zero, it displays a positive trend. The price of TRON can surpass the $0.143 and $0.145 barriers if the buying trend holds over the $0.140 resistance level. If selling persists, TRON might be able to break through the $0.138 barrier and reach the support levels of $0.130 and $0.127 according to best forex signals.

 

TRX/USD Medium-term Trend: Bullish

The first four hours’ visual depicts a developing picture of TRON. Over the last two weeks, TRON has maintained its hold above $0.130, which has lessened the zeal of the bearish. It rose at the same pace for about a week, surpassing the resistance levels of $0.130. Buyers held on as the price passed the previously established barrier and approached the $0.140 resistance level. Bulls may continue to push as long as the price attempts to break over $0.140.

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As of right now, TRON is more expensive than the Hull Suite. In addition, the color blue denotes a buy when the QQE MOD is greater than zero.

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