TRON (TRX/USD) Price Might Be Able to Overcome $0.169 Level

TRON market is under buyers’ control

TRON Price Analysis – 16 October

The price of TRON might be able to overcome the $0.169 and $0.180 barriers if the buying trend continues above $0.162. The price may approach the $0.150 and $0.142 levels if it remains below $0.155.

Key Levels:

Resistance levels: $0.162, $0.169, $0.180

Support levels: $0.155, $0.150, $0.142

TRX/USD Long-term Trend: Bullish

As previously revealed, TRON was unable to break through the barrier, and the price started to incline. Over the past week, there has been a noticeable and steady increase in buying pressure to $0.162 level, and the total amount spent this week may exceed $0.155. The daily chart for TRON appears promising. On September 6, the coin’s price dropped to $0.150 after a slight decline. The buyers set the price at $0.155. Sellers consistently maintain the line at the first level mentioned.

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The resistance level of $0.169 was abandoned by the bears. The bulls are in control when the price of TRON is higher than the Hull Suite forex signals indicator. The QQE MOD Crypto signaling indication shows a positive trend since it is more than zero. The price of TRON might be able to overcome the $0.169 and $0.180 barriers if the buying trend continues above $0.162. The price may approach the $0.150 and $0.142 levels if it remains below $0.155.

TRX/USD Medium-term Trend: Bullish

During the first four hours, the TRON picture brightens. It is encouragingly bullish that TRON is currently trading above $0.155. It has been progressively rising for nearly a week before breaking through the previous resistance levels; if the price breaks through the previous barrier and starts to rise from there, buyers may be able to hold the $0.155 support level. Bulls may push the currency higher as soon as it closes over $0.162.

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