TRON (TRX/USD) Price Reversal at $0.142 Level

Bears’ pressure increase at moment

TRON Price Analysis – 17 July

If the buying trend continues over $0.134, the price of TRON might be able to break through the $0.139 and $0.142 obstacles. The price can fall over $0.128 and $0.125 if it continues to drop below $0.131.

Key Levels:

Resistance levels: $0.134, $0.139, $0.142

Support levels: $0.131, $0.128, $0.125

TRX/USD Long-term Trend: Bullish

The size of the TRON daily chart is increasing. After a lengthy decline, the coin’s price eventually broke over $0.125 on April 19. Buyers managed to maintain a steady line at $0.109. The previously indicated support barrier proved to be unbreakable for TRON. The price started to rise. The buying pressure has fluctuated significantly over the last two weeks above the $0.131 and $0.134 levels. The $0.142 resistance level has already been tested. This week, there might be less purchases made than $0.131.

Bulls are holding onto a barrier level of about $0.134. 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 $0.134, the price of TRON might be able to break through the $0.139 and $0.142 obstacles. The price can fall over $0.128 and $0.125 if it continues to drop below $0.131.

TRX/USD Medium-term Trend: Bearish

TRON image’s first four hours show bearish. The bears are as enraged as they once were because TRON is now trading below $0.134. Before breaking through the support levels of $0.134 and $0.139, it plummeted gradually for about a week. As the price breaks past the previous barrier and gets closer to the $0.131 support level, sellers defend the level. Bears may try to move the currency lower when it closes below the $0.131 threshold.

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As of right now, TRON is less costly than the Hull Suite. Furthermore, when the QQE MOD lower than zero level, the color red indicates a sell.

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