TRON (TRX/USD) Price May Retest Previous Low at $0.108

Azeez Mustapha


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Sellers are returning in to the TRON market

TRON Price Analysis – 02 April

The price of TRON might overcome the $0.124 and $0.134 barriers if the buying trend stays above the $0.120 mark. As an alternative, if the bearish trend persists below $0.114, the price will drop to $0.108 and $0.101.

Key Levels:

Resistance levels: $0.120, $0.124, $0.134

Support levels: $0.114, $0.108, $0.101

TRX/USD Long-term Trend: Bearish

The daily chart of TRON is trending downward. After a protracted upward trend, the coin’s price tested the $0.144 barrier on February 28. At $0.144, sellers were able to keep the line steady. TRON was unable to break through the previously described resistance barrier. The cost is going down. Since last week, there seems to have been less buying activity, and the price challenged the $0.108 support level before retreating.

Bears are driving the market lower when the price of TRON is less than the Hull Suite forex signals indicator. Given that it is less than zero, the QQE MOD Crypto signals indicator displays a negative trend. The price of TRON might overcome the $0.124 and $0.134 barriers if the buying trend stays above the $0.120 mark. As an alternative, if the bearish trend persists below $0.114, the price will drop to $0.108 and $0.101.

TRX/USD Medium-term Trend: Bearish

The first four hours of the image demonstrate TRON’s resistance. The bulls’ euphoria has subsided because TRON has been trading below $0.120 for the past week. It dropped at the same pace for over a week, breaking through the $0.108 and $0.101 support levels. Buyers defend the level as the price breaks through the prior barrier and approaches the $0.108 support level. If the coin attempts to break above $0.120, bulls may drive it higher.

At the moment, TRON is less expensive than the Hull Suite. Furthermore, a sell is indicated by the color red when the QQE MOD is less than zero level.

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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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