Buyers are hold on to TRON market
TRON Price Analysis – 15 May
The $0.134 and $0.138 barriers may be overcome by the price of TRON if the purchasing trend stays above $0.127. However, if the decreasing trend persists below $0.120, the price could drop to $0.117 and $0.114.
Key Levels:
Resistance levels: $0.127, $0.134, $0.138
Support levels: $0.120, $0.117, $0.114
TRX/USD Long-term Trend: Bullish
The daily chart for TRON is distorted. On April 19, the coin’s price broke over the $0.101 barrier after a protracted downward trend. At $0.101, buyers were able to hold a steady line. For TRON, the previously mentioned support hurdle turned out to be insurmountable. The cost is going up. Over the past two weeks, there has been less selling, and the price has risen after briefly hitting the $0.114 threshold. The pin bar candle that appeared on the chart shows the momentum of the purchasers. There may be several profitable transactions this week that go above the $0.127 mark.
The $0.120 support level is being held in place by bulls. When the price of TRON is above the Hull Suite forex signals indicator, bulls are in the driver’s seat. Because it is greater than zero, the QQE MOD Crypto signaling indication displays a positive trend. The $0.134 and $0.138 barriers may be overcome by the price of TRON if the purchasing trend stays above $0.127. However, if the decreasing trend persists below $0.120, the price could drop to $0.117 and $0.114.
TRX/USD Medium-term Trend: Bullish
The first four hours of the image demonstrate TRON’s persistence. Now that TRON is trading over $0.120, the zeal of the bears has diminished. It rose gradually for approximately a week before breaking over the $0.117 and $0.114 barrier levels. Buyers defend the level as the price breaks through the prior barrier and approaches the $0.127 resistance level. Bulls may attempt to drive the currency higher if it breaks above $0.127.
As of right now, TRON is more expensive than the Hull Suite. In addition, the color blue denotes a buy when the QQE MOD is higher than zero level.
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