Buyers are gaining momentum in TRON market
TRON Price Analysis – 10 April
If the purchasing trend continues over $0.127, the price of TRON could break above the $0.134 and $0.138 obstacles. Alternatively, the price may fall to $0.117 and $0.114 if the adverse trend continues below $0.120.
Key Levels:
Resistance levels: $0.127, $0.134, $0.138
Support levels: $0.120, $0.117, $0.114
TRX/USD Long-term Trend: Bullish
TRON’s daily chart is on the incline. The coin’s price tested the $0.144 barrier on February 28 following a lengthy rising trend. Sellers managed to hold the line firm at $0.144. The resistance barrier that was previously described proved to be unbreakable for TRON. The price is decreasing. Less buying activity appears to have occurred since last two weeks, and the price briefly tested the $0.108 support level before rising. The price formed a double bottom chart pattern. Bullish movement is possible.
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When the price of TRON is higher than the Hull Suite forex signals indicator, bulls are pushing the market higher. The QQE MOD Crypto signals indicator shows a positive trend because it is higher than zero. If the purchasing trend continues over $0.127, the price of TRON could break above the $0.134 and $0.138 obstacles. Alternatively, the price may fall to $0.117 and $0.114 if the adverse trend continues below $0.120.
TRX/USD Medium-term Trend: Bullish
The image’s first four hours show TRON’s resilience. The fact that TRON is trading above $0.120 today has caused the bears’ excitement to fade. It broke through the $0.114 and $0.117 support levels after dropping at the same rate for more than a week. As the price breaks through the previous barrier and gets closer to the $0.127 resistance level, buyers defend the level. Bulls might push the coin higher if it makes an attempt to break above $0.127.
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Right now, TRON is more affordable than the Hull Suite. Moreover, when the QQE MOD is more than zero level, the color blue indicates a buy.
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