TRON (TRX/USD) Price: Will There Be Continuation of Bearish Movement?

TRON market contol by Bulls

 TRON Price Analysis – 18 September

TRON’s price might break through the $0.142 and $0.135 barriers if the selling trend continues below $0.149. The price may approach the $0.162 and $0.169 levels if it continues to trade above $0.155.

Key Levels:

Resistance levels: $0.155, $0.162, $0.169

Support levels: $0.149, $0.142, $0.135

TRX/USD Long-term Trend: Bearish

TRON’s daily chart is not favourable. On August 25, the coin’s price rose above $0.162 after briefly declining. The price was set at the $0.169 level by the buyers. Sellers keep a steady line at the level that was originally mentioned. As was already revealed, TRON was unable to break through the barrier of resistance. The cost started to go down. Over the past week, there has been a noticeable and steady increase in selling pressure to the $0.149 level. This week’s total expenditure may equal $0.149.

The resistance level of $0.169 is being abandoned by bears. The bears are in control when the price of TRON is below the Hull Suite forex signals indicator. The QQE MOD Crypto signaling indication shows a negative trend since it is smaller than zero. TRON’s price might break through the $0.142 and $0.135 barriers if the selling trend continues below $0.149. The price may approach the $0.162 and $0.169 levels if it continues to trade above $0.155.

TRX/USD Medium-term Trend: Bearish

The brightness of the TRON picture decreases over the first four hours. Now that TRON is below $0.155, bears are being placated. For almost a week, it is gradually decreasing until breaking through the previously established support levels. If the price breaks through the previous barrier and starts to decline from there, sellers might be able to hold the $0.155 resistance level. Bulls could drive the currency higher after it closes above $0.155.

The Hull Suite is now more expensive than TRON. In addition, the color red signals a sell when the QQE MOD drops below the zero limit.

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