TRON (TRX/USD) Price: Unable to Overcome Barrier at 0.169 Resistance Level

Bears are gaining more momentum

TRON Price Analysis – 06 November

If the buying trend persists over $0.162, the price of TRON may be able to break through the $0.169 and $0.180 obstacles. If the price stays below $0.155, it can get close to the $0.150 and $0.142 levels.

Key Levels:

Resistance levels: $0.162, $0.169, $0.180

Support levels: $0.155, $0.150, $0.142

TRX/USD Long-term Trend: Bearish

As previously disclosed, TRON was unable to overcome the obstacle, and the cost began to fall. The selling pressure has increased significantly and steadily over the last week towards the $0.155 level, and this week’s total spending may be close to $0.155. The TRON daily chart shows weak. The coin’s value decreased little to $0.155 on November 05. A price of $0.155 was agreed upon by the sellers. The line is always kept at the first level provided by sellers.

The bulls gave up at the resistance level of $0.169. When the price of TRON crosses over the Hull Suite forex signals indicator, the bears take over. Since the QQE MOD Crypto signaling indicator is lower than zero, it displays a negative trend. If the buying trend persists over $0.162, the price of TRON may be able to break through the $0.169 and $0.180 obstacles. If the price stays below $0.155, it can get close to the $0.150 and $0.142 levels.

TRX/USD Medium-term Trend: Bearish

The TRON image gets lower throughout the first four hours. The fact that TRON is currently trading below $0.162 is reassuringly bearish trend. Sellers may be able to hold the $0.162 resistance level if the price breaks through the prior barrier and begins to decrease from there. It decreased steadily for about a week before breaking over the previous support levels. As soon as the currency closes below $0.155, bears might push it lower.

The Hull Suite is currently more costly than TRON. Furthermore, a sell is indicated by the color red when the QQE MOD falls below the zero limit.