TRON (TRX/USD) Price May Reach $0.134 Incase Bulls Exert More Pressure

Azeez Mustapha

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Bullish trend may commence in TRON market

 TRON Price Analysis – 19 June

If the buying trend continues over $0.117, the price of TRON might be able to break through the $0.128 and $0.134 obstacles. Should the declining trend continue below $0.108, the price may fall through the levels of $0.104 and $0.900 levels.

Key Levels:

Resistance levels: $0.117, $0.128, $0.134

Support levels: $0.108, $0.104, $0.900

TRX/USD Long-term Trend: Bullish

The TRON daily chart is getting smaller. After a lengthy decline, the coin’s price finally broke over $0.104 on April 19. Buyers managed to maintain a steady line at $0.104. The previously mentioned support obstacle proved to be insurmountable for TRON. The price is rising. Less buying and selling pressure movement has occurred within the $0.128 and $0.109 levels during the last two weeks. This week, there might be fewer sales bargains that break the $0.117 mark.

TRON (TRX/USD) Price May Reach $0.134 Incase Bulls Exert More Pressure

The barrier level that bears are holding is approximately $0.117. The bulls are in control when the price of TRON is above the Hull Suite forex signals indicator. The QQE MOD Crypto signaling indication shows a positive trend since it is greater than zero. If the buying trend continues over $0.117, the price of TRON might be able to break through the $0.128 and $0.134 obstacles. Should the declining trend continue below $0.108, the price may fall through the levels of $0.104 and $0.900 levels.

TRX/USD Medium-term Trend: Bullish

The image’s first four hours show how persistent TRON is. With TRON trading over $0.113, the bears’ fervor has subsided. Before breaking through the resistance levels of $0.108 and $0.104, it plummeted gradually for about a week. As the price breaks through the previous barrier and gets closer to the $0.117 resistance level, buyers defend the level. Once the currency closes over $0.117, bulls can try to push it higher.

TRON (TRX/USD) Price May Reach $0.134 Incase Bulls Exert More PressureAs of right now, TRON is more expensive than the Hull Suite. Moreover, when the QQE MOD is higher than the zero level, the color blue indicates a purchase.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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