TRON (TRX/USD) Price: Buyers’ Momentum May Break Up $0.127 Level

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.

.127 Level" width="580" height="262" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/02/Daily-31-1024x463.png"/>

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.

.127 Level" width="580" height="262" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/02/4-hours-46-1024x463.png"/>

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.

You can purchase crypto coins here: Buy LBLOCK