TRON (TRX/USD) Price: Further Reduction Envisaged

Sellers’ momentum may increase further

 TRON Price Analysis – 24 July

The $0.139 and $0.142 barriers may be overcome by the price of TRON if the purchasing trend stays above $0.134. If the price keeps falling below $0.131, it may cross $0.128 and $0.125.

Key Levels:

Resistance levels: $0.134, $0.139, $0.142

Support levels: $0.131, $0.128, $0.125

TRX/USD Long-term Trend: Bullish

The TRON daily chart is becoming bigger. The coin’s price finally broke over $0.125 on April 19 following a protracted fall. At $0.109, buyers were able to hold a steady line. For TRON, the previously mentioned support barrier turned out to be impenetrable. The cost began to increase. Over the previous two weeks, the purchasing pressure above the $0.131 and $0.134 levels has varied considerably. Resistance level $0.142 has already been put to the test. There may be less purchases done this week than $0.131.

Bulls are clinging to a $0.134 barrier level. 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 $0.139 and $0.142 barriers may be overcome by the price of TRON if the purchasing trend stays above $0.134. If the price keeps falling below $0.131, it may cross $0.128 and $0.125.

TRX/USD Medium-term Trend: Bearish

The first four hours of the TRON picture are bearish. TRON is currently trading below $0.134, which has the bears just as angry as they were earlier. It fell steadily for approximately a week before breaking through the $0.134 and $0.139 support levels. Sellers defend the level as the price breaks through the prior barrier and approaches the $0.131 support level. If the currency closes below the $0.131 mark, bears might attempt to push it lower.

TRON is now less expensive than the Hull Suite. Moreover, the color red denotes a sell when the QQE MOD falls below the zero level.

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