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Buyers’ Pressure Increases
TRON Price Analysis – 14 February
If the purchasing trend sustains over the $0.127 resistance level, the price of TRON may break through the $0.130 and $0.138 barriers. TRON may be able to overcome the $0.125 barrier and hit the support levels of $0.120 and $0.117 if the selling continues.
Key Levels:
Resistance levels: $0.127, $0.130, $0. 138
Support levels: $0.125, $0.120, $0.117
TRX/USD Long-term Trend: Bullish
The movements of TRON’s daily chart are consistently bullish. The price of the cryptocurrency bounced between $0.117 and $0.114 over the past four weeks. The purchasers broke through the $0.117 barrier. Last week, buyers attempted to push prices beyond the $0.120 mark, but sellers were unable to maintain the line. TRON tested the resistance level at $0.125. Price increased. As buyers seem to be gaining traction today, it now looks to be getting close to the previous highs at $0.127.
When the price of TRON is higher than the Hull Suite signal, bulls are applying pressure on the market. The QQE MOD indicator shows a positive trend because it is above zero. If the purchasing trend sustains over the $0.127 resistance level, the price of TRON may break through the $0.130 and $0.138 barriers. TRON may be able to overcome the $0.125 barrier and hit the support levels of $0.120 and $0.117 if the selling continues.
TRX/USD Medium-term Trend: Bullish
The graphic for the first four hours shows a growing image of TRON. The bears’ fervor has subsided over the past two weeks as TRON has managed to hold above $0.117. For more than a week, it increased at the same rate, breaking through the resistance levels of $0.117 and $0.120. As the price moved closer to the dynamic resistance and beyond the previously indicated barrier, buyers held on. As long as the price tries to break over $0.127, bulls might keep pushing according to forex signals.
Right now, the Hull Suite is less costly than TRON. At the same time, when the QQE MOD is more than zero, the color blue indicates a buy.
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