Buyers’ momentum increase in TRON market
TRON Price Analysis – 01 May
The $0.127 and $0.134 barriers may be overcome by the price of TRON if the purchasing trend persists above $0.129. Alternatively, if the downward trend persists below $0.117, the price can drop to the levels of $0.114 and $0.108.
Key Levels:
Resistance levels: $0.120, $0.127, $0.134
Support levels: $0.117, $0.114, $0.108
TRX/USD Long-term Trend: Bullish
The daily chart for TRON is inclined. On April 19, the coin’s price broke through the $0.101 barrier after a protracted downward trend. At $0.101, buyers were able to keep the line steady. For TRON, the previously documented support barrier proved to be impenetrable. The cost is increasing. Over the past two weeks, there has been less selling, and the price has risen after briefly approaching the $0.114 resistance level. The pin bar candle that developed on the chart shows the momentum of the buyers. There may be profitable trading this week.
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Bulls are defending the support level at $0.117. When the price of TRON is above the Hull Suite forex signals indicator, bulls are in the driver’s seat. Given that it is greater than zero, the QQE MOD Crypto signals indication displays a positive trend. The $0.127 and $0.134 barriers may be overcome by the price of TRON if the purchasing trend persists above $0.129. Alternatively, if the downward trend persists below $0.117, the price can drop to the levels of $0.114 and $0.108.
TRX/USD Medium-term Trend: Bullish
The first four hours of the image demonstrate TRON’s persistence. TRON is currently trading close to $0.120, therefore the zeal of the bears has diminished. It rose gradually for more than a week before breaking past the resistance levels of $0.117 and $0.114. Buyers defend the level as the price breaks through the prior barrier and approaches the $0.129 resistance level. Bulls may seek to drive the currency higher when it breaks above $0.120.
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The Hull Suite is currently less expensive than TRON. Furthermore, a purchase is indicated by the color blue when the QQE MOD is higher than zero level.
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