TRON (TRX/USD) Price Strong Bearish Momentum Towards $0.108 Level

Sellers’ momentum increases in TRON market

TRON Price Analysis – 20 March

The price of TRON might overcome the $0.117 and $0.120 barriers if the buying trend keeps rising above the $0.114 resistance mark. If selling persists, it might be able to break through the $0.108 barrier and reach the support levels of $0.101 and $0.097

Key Levels:

Resistance levels: $0.114, $0.117, $0.120

Support levels: $0.108, $0.101, $0.097

TRX/USD Long-term Trend: Bearish

There is bearish movement on the TRON daily chart. After a protracted positive trend, the coin’s price tested the $0.144 barrier mark on February 28. At $0.144, sellers were able to keep the line steady. TRON overcomes the resistance barrier that was just indicated. The cost is going down. Since last week, there hasn’t seemed to be as much buying activity, and the price is approaching the $0.108 support level.

Bears are driving the market lower when the price of TRON is less than the Hull Suite forex signals indicator. Because it is below zero, the QQE MOD Crypto signals indicator displays a negative trend. The price of TRON might overcome the $0.117 and $0.120 barriers if the buying trend keeps rising above the $0.114 resistance mark. If selling persists, TRON might be able to break through the $0.108 barrier and reach the support levels of $0.101 and $0.097.

TRX/USD Medium-term Trend: Bearish

The first four hours of the image illustrate how TRON repelled. The bulls’ excitement has subsided because TRON has been trading below $0.120 for the previous week. It dropped at the same pace and broke through the $0.117 and $0.114 support levels for around a week. Sellers held on as the price broke through the prior barrier and approached the $0.108 support level. If the coin attempts to break through the $0.108 barrier, bears may continue to drive it lower.

TRON is now less costly than the Hull Suite. Moreover, the color red denotes a sell when the QQE MOD is less than zero.

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