Rebounding from the support level

TRON analysis: Rebounding from $0.1190 support, facing resistance at $0.1260, $0.1300, and $0.1370. Breaking these levels could signal a trend change and confirm a new upward trajectory.

8/9/20241 min read

TRON price chart showing a rebound from the $0.1190 support level. Key resistance levels at $0.1260,
TRON price chart showing a rebound from the $0.1190 support level. Key resistance levels at $0.1260,

TRON is currently rebounding from the support level, but the upcoming resistance levels could hinder further price growth. Examining these key levels can provide a better understanding of future market behavior.

Support Levels:
$0.1190 Level: This level acted as initial support and the price has rebounded from it.
$0.1120 Level: The second support level, acting as a stronger backup.

Resistance Levels:
$0.1260 Level: This level acts as the first resistance and might prevent further price growth.
$0.1300 Level: The second resistance level, breaking which could indicate a trend change.
$0.1370 Level: The final resistance level, reaching which could confirm a new upward trend.