TRON (TRX/USD) Price Repels From $0.162 Resistance Level

Bears may increase in TRON market

 TRON Price Analysis – 28August

The $0.169 and $0.173 barriers may be overcome by the price of TRON if the buying trend persists above $0.162. If the price stays below $0.13154, it might get closer to $0.142 and $0.139 levels

Key Levels:

Resistance levels: $0.162, $0.169, $0.173

Support levels: $0.154, $0.142, $0.139

TRX/USD Long-term Trend: Bullish

The size of the TRON daily chart is increasing. On August 5, the coin’s price eventually dropped below $0.139 following a brief decline. At $0.139, buyers were able to hold a steady line. The previously mentioned resistance barrier turned out to be impenetrable for TRON. The cost began to increase. Throughout the past two weeks, there has been a lot of steady increase in the buying pressure above the $0.142 and $0.154 levels. We’ve already looked at the $0.162 resistance level. The total amount spent this week may exceed $0.162.

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Bulls are declining from the $0.120 resistance level. When the price of TRON is above the Hull Suite forex signals indicator, the bulls are in charge. Given that it is higher than zero, the QQE MOD Crypto signaling indicator displays a positive trend. The $0.169 and $0.173 barriers may be overcome by the price of TRON if the buying trend persists above $0.162. If the price stays below $0.13154, it might get closer to $0.142 and $0.139 levels.

TRX/USD Medium-term Trend: Bullish

Over the course of the first four hours, the TRON image becomes brighter. In an effort to appease the bulls, TRON has purchased above $0.154 at this time. It steadily increased for approximately a week until breaking over the mentioned resistance levels. Sellers may defend the $0.162 resistance level as the price bounces off the prior barrier and declining from it. Once the currency closes above $0.162, bulls can drive it higher.

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The Hull Suite is currently more expensive than TRON. Additionally, when the QQE MOD falls below the zero threshold, the color red indicates a sell.

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