TRON (TRX/USD) Price Is Soaring Higher Towards $0.094 Resistance Level

Buyers are dominating TRON’s market

TRON Price Analysis – 25 October

If buyers’ momentum clears the $0.094 resistance level, TRON’s price could rise to the $0.097 and $0.104 levels. If sellers remain interested and the price of TRON falls below the $0.090 barrier, the support levels of $0.085 and $0.082 can be broken.

Key Levels:

Resistance levels: $0.094, $0.097, $0.104

Support levels: $0.090, 0.085, $0.082

TRX/USD Long-term Trend: Bullish

TRON is now trading in the green on the daily chart. On October 3, the upward trend that began on August 18 peaked at the $0.090 resistance level. As the price attempts to climb above the level, sellers are holding it. Last week, the price pulled back to retest the $0.085 level. It seems like the market is being pressured more by buyers. On 15 October, the price retreated with the formation of a bullish engulfing candle. This week, the pressure from buyers is currently growing.

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The fast EMA has crossed the slow EMA higher, pushing the coin’s price above the dynamic support levels. If buyers’ momentum clears the $0.094 resistance level, TRON’s price could rise to the $0.097 and $0.104 levels. In the event that sellers remain interested and the price of TRON falls below the $0.090 barrier, the support levels of $0.085 and $0.082 can be broken.

TRX/USD Medium-term Trend: Bullish

On the 4-hour chart for TRON, the price trend is bullish. When TRON tested the $0.090 resistance level, the bulls’ momentum faded and they were unable to break through. It oscillates around the level for a week. More pressure from the bulls breaks up the resistance level just mentioned, and $0.094 is being put to the test at the moment.

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Right now, TRON is trading above the 9- and 21-period exponential moving averages. At level 64, the period 14 signal line of the relative strength index is pointing upward, indicating a buy.

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