TRON (TRX/USD) Price Tests $0.150 Support Level

Bears are increasing in TRON market

TRON Price Analysis – 04 September

If the selling trend continues below $0.150, the price of TRON might break below the $0.154 and $0.142 obstacles. The price may approach the $0.169 and $0.173 levels if it remains above $0.162.

Key Levels:

Resistance levels: $0.162, $0.169, $0.173

Support levels: $0.150, $0.154, $0.142

TRX/USD Long-term Trend: Bearish

The TRON daily chart is getting lower. On August 25, after a brief incline, the price of the coin rise above $0.162. At $0.169, buyers were able to place the price at $0.169 level. Sellers hold a steady line at the just mentioned level. The resistance barrier that was previously mentioned proved to be unbreakable for TRON. The cost started to fall. Over the previous week, there has been a lot of steady increase in selling pressure to the $0.150 level. This week’s total expenditure may reach $0.154.

Bears are pulling back from the resistance level of $0.1169. The bears are in control when the price of TRON is below the Hull Suite forex signals indicator. The QQE MOD Crypto signaling indicator shows a negative trend because it is lower than zero. If the selling trend continues below $0.150, the price of TRON might break below the $0.154 and $0.142 obstacles. The price may approach the $0.169 and $0.173 levels if it remains above $0.162.

TRX/USD Medium-term Trend: Bearish

The brightness of the TRON image decreases within the first four hours. At this point, TRON has fallen below $0.162 in an attempt to placate bears. It is falling gradually for about a week before surpassing the previously indicated support levels. The $0.162 resistance level may be held by sellers when the price breaks through the previous barrier and starts to decline from there. Bulls can push the currency higher after it closes above $0.162.

Right now, TRON is less priced than the Hull Suite. In addition, the color red signals a sell when the QQE MOD drops below the zero barrier.

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