TRON (TRX/USD) Price Pulls Back to Retest $0.130 Zone

Bulls are returning in to TRON market

TRON Price Analysis – 06 March

The price of TRON might overcome the $0.140 and $0.143 barriers if the buying trend keeps rising over the $0.138 resistance level. If selling persists, TRON might be able to break through the $0.130 barrier and reach the support levels of $0.127 and $0.120.

Key Levels:

Resistance levels: $0.138, $0.140, $0.143

Support levels: $0.130, $0.127, $0.120

TRX/USD Long-term Trend: Bullish

The daily chart of TRON is continuously shows positive movement. For the five weeks prior, the cryptocurrency’s price fluctuated between $0.127 and $0.130. The buyers paid more than $0.130. Prices rose over $0.138 last week, but sellers were unable to keep the line steady. At $0.140, TRON conducted a resistance level test. The cost went up. It seems that buyers are picking up steam today, and the price is approaching the previous highs, which were around $0.140.

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Bulls are driving the market upward when the price of TRON surpasses the Hull Suite forex signal. Since the QQE MOD Crypto signals indicator is above zero, it displays a positive trend. The price of TRON might overcome the $0.140 and $0.143 barriers if the buying trend keeps rising over the $0.138 resistance level. If selling persists, TRON might break through the $0.130 barrier and reach the support levels of $0.127 and $0.120.

TRX/USD Medium-term Trend: Bullish

The evolution of TRON is depicted in the picture spanning the first four hours. The bears’ passion has subsided because TRON has maintained above $0.130 level for the last two weeks. It rose simultaneously for over a week, breaking through the $0.130 resistance level. Buyers held on as the price broke through the previous barrier and approached the $0.140 resistance level. Bulls can continue pushing the coin if it aims to break over $0.140.

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Right now, the Hull Suite is less costly than TRON. In addition, a purchase is indicated by the color blue when the QQE MOD is more than zero.

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