Tron (TRX) Rallies 15% And Showing Early Signs of A Strong Uptrend<\/title>\n<meta name=\"description\" content=\"Tron price rallied over 15% and it surpassed the key $0.0220 resistance zone against the US Dollar. TRX could correct lower in the short term, but the price action suggests more gains.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ktsl888.com\/news\/tron-trx-rallies-15-and-showing-early-signs-of-a-strong-uptrend\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tron (TRX) Rallies 15% And Showing Early Signs of A Strong Uptrend\" \/>\n<meta property=\"og:description\" content=\"Tron price rallied over 15% and it surpassed the key $0.0220 resistance zone against the US Dollar. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. 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{"id":434674,"date":"2020-08-14T07:28:07","date_gmt":"2020-08-14T07:28:07","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=434674"},"modified":"2024-06-11T14:15:06","modified_gmt":"2024-06-11T14:15:06","slug":"tron-trx-rallies-15-and-showing-early-signs-of-a-strong-uptrend","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/tron-trx-rallies-15-and-showing-early-signs-of-a-strong-uptrend\/","title":{"rendered":"Tron (TRX) Rallies 15% And Showing Early Signs of A Strong Uptrend"},"content":{"rendered":"

Tron price rallied over 15% and it surpassed the key $0.0220 resistance zone against the US Dollar. TRX could correct lower in the short term, but the price action suggests more gains.<\/em><\/p>\n

\n
Tron price is gaining bullish momentum above the $0.0220 resistance against the US dollar.<\/li>\n
The price traded to a new weekly high at $0.0243 and it is currently correcting lower.<\/li>\n
There is a crucial bullish trend line forming with support near $0.0210 on the 4-hours chart of the TRX\/USD pair (data source from Bitfinex).<\/li>\n
The pair is likely to continue higher towards $0.0250 or even $0.0265 as long as it is above $0.0218.<\/li>\n<\/ul>\n
Tron Price Starts Fresh Increase<\/h2>\n
After forming a strong support base above $0.0200, tron price started a fresh increase against the US Dollar. TRX broke a couple of important resistances near $0.0218 to move into a positive zone.<\/p>\n
The upward move gained strength above the $0.0220 level and the 100 simple moving average (4-hours). It jumped over 15% and traded to a new weekly high at $0.0243. At the moment, the price is consolidating gains and trading near the $0.0232 level.<\/p>\n
An initial support is near the $0.0230 level. It is close to the 23.6% Fib retracement level of the recent rally from the $0.0190 low to $0.0243 high. The first major support on the downside is near the $0.0220 and $0.0218 levels.<\/p>\n
$\"Tron$ <\/a><\/p>\n
Tron (TRX) price breaks $0.024. Source: TradingView.com<\/a><\/pre>\n
The 50% Fib retracement level of the recent rally from the $0.0190 low to $0.0243 high is also near the $0.0216 level to act as a strong support. On the upside, the $0.0240 level is an immediate hurdle for the bulls. A successful close above the $0.0240 resistance level could open the doors for a larger rally towards the $0.0250 level or even $0.0265 in the coming sessions.<\/p>\n
Dips Likely to be Limited in TRX<\/h2>\n
If TRX price corrects lower, it is likely to remain supported near the $0.0200 pivot level. The next major support is near the $0.0218 level (the recent breakout zone).<\/p>\n
There is also a crucial bullish trend line forming with support near $0.0210 on the 4-hours chart of the TRX\/USD pair. Any further losses may perhaps push the price back towards the $0.0200 support.<\/p>\n
Technical Indicators<\/p>\n
4-hours MACD \u2013 The MACD for TRX\/USD is gaining momentum in the bullish zone.<\/p>\n
4-hours RSI (Relative Strength Index) \u2013 The RSI for TRX\/USD is rising and it is well above the 70 level.<\/p>\n
Major Support Levels \u2013 $0.0230, $0.0220 and $0.0218.<\/p>\n
Major Resistance Levels \u2013 $0.0240, $0.0250 and $0.0265.<\/p>\n","protected":false},"excerpt":{"rendered":"
Tron price rallied over 15% and it surpassed the key $0.0220 resistance zone against the US Dollar. TRX could correct lower in the short term, but the price action suggests more gains. Tron price is gaining bullish momentum above the $0.0220 resistance against the US dollar. The price traded to a new weekly high at $0.0243 and it is currently correcting lower. There is a crucial bullish trend line forming with support near $0.0210 on the 4-hours chart of the TRX\/USD pair (data source from Bitfinex). The pair is likely to continue higher towards $0.0250 or even $0.0265 as long as it is above $0.0218. Tron Price Starts Fresh Increase After forming a strong support base above $0.0200, tron price started a fresh increase against the US Dollar. TRX broke a couple of important resistances near $0.0218 to move into a positive zone. The upward move gained strength above the $0.0220 level and the 100 simple moving average (4-hours). It jumped over 15% and traded to a new weekly high at $0.0243. At the moment, the price is consolidating gains and trading near the $0.0232 level. An initial support is near the $0.0230 level. It is close to the 23.6% Fib retracement level of the recent rally from the $0.0190 low to $0.0243 high. The first major support on the downside is near the $0.0220 and $0.0218 levels. Tron (TRX) price breaks $0.024. Source: TradingView.com The 50% Fib retracement level of the recent rally from the $0.0190 low to $0.0243 high is also near the $0.0216 level to act as a strong support. On the upside, the $0.0240 level is an immediate hurdle for the bulls. A successful close above the $0.0240 resistance level could open the doors for a larger rally towards the $0.0250 level or even $0.0265 in the coming sessions. Dips Likely to be Limited in TRX If TRX price corrects lower, it is likely to remain supported near the $0.0200 pivot level. The next major support is near the $0.0218 level (the recent breakout zone). There is also a crucial bullish trend line forming with support near $0.0210 on the 4-hours chart of the TRX\/USD pair. Any further losses may perhaps push the price back towards the $0.0200 support. Technical Indicators 4-hours MACD \u2013 The MACD for TRX\/USD is gaining momentum in the bullish zone. 4-hours RSI (Relative Strength Index) \u2013 The RSI for TRX\/USD is rising and it is well above the 70 level. Major Support Levels \u2013 $0.0230, $0.0220 and $0.0218. Major Resistance Levels \u2013 $0.0240, $0.0250 and $0.0265.<\/p>\n","protected":false},"author":67,"featured_media":434676,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,4],"tags":[11808,14262,79579],"class_list":["post-434674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-analysis","tag-tron","tag-trxusd","tag-trxusdt"],"acf":[],"yoast_head":"\nTron (TRX) Rallies 15% And Showing Early Signs of A Strong Uptrend<\/title>\n<meta name=\"description\" content=\"Tron price rallied over 15% and it surpassed the key $0.0220 resistance zone against the US Dollar. 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