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Bulls’ power overshadows the Bears in the TRON market
TRON Price Analysis – 28 February
If the purchasing trend continues above the $0.140 resistance level, the price of TRON may break through the $0.143 and $0.145 obstacles. TRON may be able to overcome the $0.138 barrier and hit the support levels of $0.130 and $0.127 if the selling continues.
Key Levels:
Resistance levels: $0.140, $0.143, $0.145
Support levels: $0.138, $0.130, $0.127
TRX/USD Long-term Trend: Bullish
The movement of TRON’s daily chart is consistently bullish. The price of the cryptocurrency changed between $0.127 and $0.130 throughout the preceding five weeks. The buyers went beyond the $0.130 mark. Last week, buyers pushed prices above $0.138, but sellers were unable to maintain the line. TRON tested the resistance level at $0.140. The price increased. Since buyers seem to be gaining traction today, it looks to be getting close to the previous highs, which were about $0.140.
When the price of TRON exceeds the Hull Suite forex signal, bulls are pushing the market higher. The QQE MOD indicator shows a positive trend because it is above zero. If the purchasing trend continues above the $0.140 resistance level, the price of TRON may break through the $0.143 and $0.145 obstacles. TRON may be able to overcome the $0.138 barrier and hit the support levels of $0.130 and $0.127 if selling continues.
TRX/USD Medium-term Trend: Bullish
The graphic over the first four hours shows TRON as it develops. Because TRON has held above $0.130 for the past two weeks, the bears’ fervor has decreased. For over a week, it increased at the same rate and overcame the $0.130 resistance levels. As the price broke through the prior barrier and got closer to the $0.140 resistance level, buyers held on. As long as the stock seeks to break over $0.140, bulls can keep pushing.
The Hull Suite is currently less expensive than TRON. Additionally, when the QQE MOD is greater than zero, the color blue indicates a purchase.
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