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Buyers are dominating Tron market
TRON Price Analysis – 19 July
The $0.082 and $0.085 resistance levels may be tackled if the price of Crypto moves past the $0.081 resistance level and buyers remain active. If the sellers’ momentum exceeds the $0.079 support level, the price of TRON could fall to $0.077 and $0.074 levels.
Key Levels:
Resistance levels: $0.081, $0.082, $0.085
Support levels: $0.079, 0.077, $0.074
TRX/USD Long-term Trend: Bullish
On the daily chart, TRON is rising. On June 20, the bullish trend began at the $0.67 support level as the bears lost momentum. The previous resistance level of $0.072 was broken. Bullish pressure was successful in overcoming the earlier obstacle. The price started to rise more once a sizable daily bullish candle formed. Former resistance levels of $0.074, $0.077 and $0.079 have been converted to support levels. The coin’s current resistance level is $0.081.
The coin trades above the dynamic resistance levels as the two EMAs separated. The $0.082 and $0.085 resistance levels may be tackled if the price of Crypto moves past the $0.081 resistance level and buyers remain active. If the sellers’ momentum exceeds the $0.079 support level, the price of TRON could fall to $0.077 and $0.074 levels.
TRX/USD Medium-term Trend: Bullish
The movement of TRON is positive on the 4-hour chart. The price action produced a double bottom, a bullish reversal chart pattern. As they picked up speed, the bulls began to soar higher. Price exploded past $0.077 and $0.79 levels. The price is rising toward the $0.081 region.
TRON has divided exponential moving averages into 9 and 21 periods. The relative strength index’s period 14 signal line is pointing lower at level 45, providing a sell signal that could be a pullback.
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