TRON (TRX/USD) Price Commence a Bullish Trend Towards $0.131

TRON price is increasing

 TRON Price Analysis – 14 August

If the selling trend continues below $0.128, the price of TRON might be able to break through the $0.124 and $0.120 barriers. The price may approach $0.134 and $0.139 if it continues to rise over $0.131

Key Levels:

Resistance levels: $0.131, $0.134, $0.139

Support levels: $0.128, $0.124, $0.120

TRX/USD Long-term Trend: Bearish

The daily chart for TRON is becoming bigger. After a brief decrease, the coin’s price finally broke below $0.134 on July 29. Buyers managed to maintain a steady line at $0.139. The resistance barrier indicated before proved to be unbreakable for TRON. The price started to go down. The selling pressure below the $0.128 and $0.124 levels has fluctuated significantly over the last two weeks. We’ve already examined the support level at $0.120. This week’s purchases could come to more than $0.128.

Bulls are holding unto the support level of $0.120. The bears are in control when the price of TRON is below the Hull Suite forex signals indicator. The QQE MOD Crypto signaling indication shows a negative trend since it is smaller than zero. If the selling trend continues below $0.128, the price of TRON might be able to break through the $0.124 and $0.120 barriers. The price may approach $0.134 and $0.139 if it continues to rise over $0.131.

TRX/USD Medium-term Trend: Bullish

The TRON image gets brighter throughout the course of the first four hours. TRON has taken action to placate the bulls by buying above $0.120 at this time. It rose gradually for about a week before surpassing the support levels of $0.124. As the price breaks past the previous barrier and gets closer to the $0.131 resistance level, sellers may defend the level. Upon closing above $0.131, bulls could push the currency higher.

As of right now, TRON is more expensive than the Hull Suite. Moreover, the color blue denotes a buy when the QQE MOD rise above the zero barrier.

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