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Author: Aayush Jindal

Tron Price Prediction: TRX Trades Near Key Juncture, Can It Rally Again?

Tron price is consolidating near the $0.080 support against the US Dollar. TRX could outperform Bitcoin if the bulls stay active above $0.080. Tron is holding major support near $0.080 against the US dollar. The price is trading above $0.0805 and the 100 simple moving average (4 hours). There is a crucial bullish trend line forming with support near $0.0810 on the 4-hour chart of the TRX/USD pair (data source from Kraken). The pair could start a decent increase if there is a move above the $0.0835 resistance. Tron Price Holds Key Support In the past few days, Tron’s price saw a steady decline from the $0.094 zone against the US Dollar, similar to Bitcoin and Ethereum. TRX traded below the $0.0850 support to enter a short-term bearish zone. The price even declined below the $0.0835 support, but the bulls were active near the $0.080 level. A low is formed near $0.0804 and the price is now consolidating losses. TRX is now trading above $0.0805 and the 100 simple moving average (4 hours). There is also a crucial bullish trend line forming with support near $0.0810 on the 4-hour chart of the TRX/USD pair. On the upside, an initial resistance is near the $0.0835 zone. It is close to the 23.6% Fib retracement level of the downward move from the $0.0939 swing high to the $0.0804 low. Source: TRXUSD on TradingView.com A close above the $0.0835 resistance might send TRX further higher. The next major resistance is near the $0.0872 level or the 50% Fib retracement level of the downward move from the $0.0939 swing high to the $0.0804 low, above which the bulls are likely to aim a larger increase toward the key $0.0900 zone in the coming days. Any more gains could set the pace for a move toward the $0.094 level. More Downsides in TRX? If TRX price fails to clear the $0.08350 resistance, it could extend its decline. Initial support on the downside is near the $0.0810 zone and the trend line. The first major support is near the $0.080 level or the 100 simple moving average (4 hours), below which the price could accelerate lower. The next major support is $0.0760. Technical Indicators 4 hours MACD – The MACD for TRX/USD is losing momentum in the bearish zone. 4 hours RSI (Relative Strength Index) – The RSI for TRX/USD is currently near the 50 level. Major Support Levels – $0.0810, $0.0800, and $0.0760. Major Resistance Levels – $0.0835, $0.0872, and $0.090.

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Tron Price Prediction: TRX Extends Rally As Bulls Eye $0.08

Author: Aayush Jindal

United Kingdom

Source: NewsBTC

May 22, 2023 08:25

Tron Price Prediction: TRX Extends Rally As Bulls Eye $0.08

Tron price is up over 5% and gaining pace above $0.072 against the US Dollar. TRX outperformed Bitcoin and could rise further toward $0.080. Tron is trading in a positive zone above the $0.0720 pivot level against the US dollar. The price is trading above $0.072 and the 100 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.0728 on the 4-hour chart of the TRX/USD pair (data source from Kraken). The pair is likely to continue higher if it clears the $0.0765 resistance level. Tron Price Rallies 5% In the past few sessions, Tron’s price gained pace above the $0.0700 level against the US Dollar, outperforming Bitcoin and Ethereum. TRX broke many hurdles near the $0.072 resistance and the 100 simple moving average (4 hours). The price traded close to the $0.0780 resistance. A high is formed near $0.0768 and the price is now consolidating gains near the 23.6% Fib retracement level of the upward move from the $0.0668 swing low to the $0.0768 high. It is now trading above $0.072 and the 100 simple moving average (4 hours). There is also a major bullish trend line forming with support near $0.0728 on the 4-hour chart of the TRX/USD pair. On the upside, an initial resistance is near the $0.0750 zone. Source: TRXUSD on TradingView.com A close above the $0.0750 resistance might send TRX further higher. The next major resistance is near the $0.0768 level, above which the bulls are likely to aim a larger increase toward the key $0.0800 zone in the coming sessions. Any more gains could set the pace for a move toward the $0.082 level. Dips Likely to be Limited in TRX If TRX price fails to clear the $0.0768 barrier, it could correct lower. Initial support on the downside is near the $0.0728 zone and the trend line. The next major support is near the $0.0720 level or the 50% Fib retracement level of the upward move from the $0.0668 swing low to the $0.0768 high. The main support is $0.0700, below which there is a risk of a move toward the $0.0668 support. Technical Indicators 4 hours MACD – The MACD for TRX/USD is losing momentum in the bullish zone. 4 hours RSI (Relative Strength Index) – The RSI for TRX/USD is currently above the 65 level. Major Support Levels – $0.0728, $0.0720, and $0.0700. Major Resistance Levels – $0.0750, $0.0768, and $0.080.

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Tron Price Prediction: TRX Outperforms Bitcoin, Aims $0.075

Author: Aayush Jindal

United Kingdom

Source: NewsBTC

May 05, 2023 08:25

Tron Price Prediction: TRX Outperforms Bitcoin, Aims $0.075

Tron price is up over 5% and showing positive signs above $0.068 against the US Dollar. TRX outperformed Bitcoin and rise further towards $0.075. Tron is trading in a positive zone above the $0.0680 pivot level against the US dollar. The price is trading above $0.0685 and the 100 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.0692 on the 4-hour chart of the TRX/USD pair (data source from Kraken). The pair is likely to continue higher if it clears the $0.0695 resistance level. Tron Price Signals Uptrend In the past few sessions, Tron’s price remained strong above the $0.0650 level against the US Dollar, outperforming Bitcoin and Ethereum. TRX gained pace for a clear move above the $0.068 resistance and the 100 simple moving average (4 hours). The price traded close to the $0.070 resistance. A high is formed near $0.0699 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $0.0640 swing low to the $0.0699 high. It is now trading above $0.0685 and the 100 simple moving average (4 hours). There is also a major bullish trend line forming with support near $0.0692 on the 4-hour chart of the TRX/USD pair. On the upside, an initial resistance is near the $0.0700 zone. Source: TRXUSD on TradingView.com A close above the $0.070 resistance might send TRX further higher. The next major resistance is near the $0.0720 level, above which the bulls are likely to aim a larger increase toward the key $0.0750 zone in the coming sessions. Any more gains could set the pace for a move toward the $0.078 level. Dips Likely to be Limited in TRX If TRX price fails to clear the $0.070 barrier, it could correct lower. Initial support on the downside is near the $0.069 zone and the trend line. The next major support is near the $0.0670 level and the 100 simple moving average (4 hours). The main support is $0.0662, below which there is a risk of a move toward the $0.064 support. Technical Indicators 4 hours MACD – The MACD for TRX/USD is gaining momentum in the bullish zone. 4 hours RSI (Relative Strength Index) – The RSI for TRX/USD is currently above the 50 level. Major Support Levels – $0.0690, $0.0670, and $0.0640. Major Resistance Levels – $0.070, $0.072, and $0.075.

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