TRON (TRX/USD) Price Displays Bearish Signal at $0.169 Level

Bears are increasing in TRON market

TRON Price Analysis – 02 October

The $0.142 and $0.135 barriers could be overcome by TRON’s price if the selling trend continues below $0.150. The price may approach the $0.162 and $0.169 levels if it continues to trade above $0.155.

Key Levels:

Resistance levels: $0.155, $0.162, $0.169

Support levels: $0.150, $0.142, $0.135

TRX/USD Long-term Trend: Bearish

TRON’s daily chart does not appear encouraging. On August 25, the coin’s price rose to above $0.162 following a brief decrease. The price was established by the buyers at $0.169. Sellers keep the line at the first stated level consistently. As previously revealed, TRON was unable to get past the barrier. The cost started to go down. Over the past week, there has been a discernible and consistent increase in selling pressure to the $0.150 level. This week’s total expenditure may be less than $0.150.

The resistance level of $0.169 was abandoned by the bears. The 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. The $0.142 and $0.135 barriers could be overcome by TRON’s price if the selling trend continues below $0.150. The price may approach the $0.162 and $0.169 levels if it continues to trade above $0.155.

TRX/USD Medium-term Trend: Bearish

The brightness of the TRON picture decreases throughout the first four hours. It’s encouragingly pessimistic that TRON is presently trading below $0.155. It is falling slowly for more than a week before breaking through the support thresholds that were previously set. Sellers may hold the $0.155 resistance level if the price breaks through the previous barrier and starts to decline from there. Bulls might drive the currency higher as soon as it closes above $0.155.

The Hull Suite currently costs more than TRON. In addition, the color red signals a sell when the QQE MOD drops below the zero limit.

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