TRON (TRX/USD) Price May Commence a Bullish Trend

Bulls’ momentum may increase in TRON market

 TRON Price Analysis – 07 August

The $0.118 and $0.109 barriers may be overcome by the price of TRON if the selling trend persists below $0.120. If the price stays above $0.124, it can touch $0.128 and $0.131.

Key Levels:

Resistance levels: $0.124, $0.128, $0.131

Support levels: $0.120, $0.118, $0.109

TRX/USD Long-term Trend: Bearish

The TRON daily chart is getting smaller. On July 29, the coin’s price finally broke below $0.134 following a protracted rise. At $0.139, buyers were able to hold a steady line. For TRON, the previously mentioned resistance barrier proved to be impenetrable. The cost began to decrease. Over the previous two weeks, there has been a considerable fluctuation in the selling pressure below the $0.128 and $0.124 levels. We’ve already looked at the $0.120 support level. Purchases for this week may total more than $0.120.

Bears are clinging to the $0.124 resistance level. When the price of TRON is below the Hull Suite forex signals indicator, the bears are in charge. Because it is less than zero, the QQE MOD Crypto signaling indication displays a negative trend. The $0.118 and $0.109 barriers may be overcome by the price of TRON if the selling trend persists below $0.120. If the price stays above $0.124, it can touch $0.128 and $0.131.

TRX/USD Medium-term Trend: Bullish

Throughout the first four hours, the TRON picture is brighten. The fact that TRON is currently buying above $0.120 has done things to appease the bullish. It rise steadily for approximately a week before breaking through the $0.120 and $0.118 support levels. Buyers defend the level as the price breaks through the prior barrier and approaches the $0.124 resistance level. If the currency closes above $0.124, bulls might drive it higher.

Right now, the Hull Suite is less costly than TRON. Moreover, the color blue denotes a buy when the QQE MOD rise above the zero barrier.

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