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.

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.

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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