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{"id":544379,"date":"2023-07-26T05:43:40","date_gmt":"2023-07-26T05:43:40","guid":{"rendered":"https:\/\/ktsl888.com\/?p=544379"},"modified":"2024-06-11T12:46:50","modified_gmt":"2024-06-11T12:46:50","slug":"tron-price-prediction-trx-support-0-080","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/tron-trx\/tron-price-prediction-trx-support-0-080\/","title":{"rendered":"Tron Price Prediction: TRX Trades Near Key Juncture, Can It Rally Again?"},"content":{"rendered":"

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.<\/em><\/p>\n

\n
Tron is holding major support near $0.080 against the US dollar.<\/li>\n
The price is trading above $0.0805 and the 100 simple moving average (4 hours).<\/li>\n
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).<\/li>\n
The pair could start a decent increase if there is a move above the $0.0835 resistance.<\/li>\n<\/ul>\n
Tron Price Holds Key Support<\/h2>\n
In the past few days, Tron\u2019s price saw a steady decline from the $0.094 zone against the US Dollar, similar to Bitcoin<\/a> and Ethereum<\/a>. TRX traded below the $0.0850 support to enter a short-term bearish zone.<\/p>\n
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).<\/p>\n
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.<\/p>\n
$\"Tron$ <\/p>\n
Source: TRXUSD on TradingView.com<\/a><\/p>\n
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.<\/p>\n
More Downsides in TRX?<\/h2>\n
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.<\/p>\n
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.<\/p>\n
Technical Indicators<\/p>\n
4 hours MACD \u2013 The MACD for TRX\/USD is losing momentum in the bearish zone.<\/p>\n
4 hours RSI (Relative Strength Index) \u2013 The RSI for TRX\/USD is currently near the 50 level.<\/p>\n
Major Support Levels \u2013 $0.0810, $0.0800, and $0.0760.<\/p>\n
Major Resistance Levels \u2013 $0.0835, $0.0872, and $0.090.<\/p>\n","protected":false},"excerpt":{"rendered":"
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\u2019s 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 \u2013 The MACD for TRX\/USD is losing momentum in the bearish zone. 4 hours RSI (Relative Strength Index) \u2013 The RSI for TRX\/USD is currently near the 50 level. Major Support Levels \u2013 $0.0810, $0.0800, and $0.0760. Major Resistance Levels \u2013 $0.0835, $0.0872, and $0.090.<\/p>\n","protected":false},"author":67,"featured_media":394314,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83383],"tags":[11808,14463,87837,79513,87838,16505,87822,14262],"class_list":["post-544379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tron-trx","tag-tron","tag-tron-price","tag-tron-trx-analysis","tag-trx-btc","tag-trx-price-prediction","tag-trx-usd","tag-trx-usdt","tag-trxusd"],"acf":[],"yoast_head":"\nTron Price Prediction: TRX Trades Near Key Juncture, Can It Rally Again?<\/title>\n<meta name=\"description\" content=\"Tron price is consolidating near the $0.080 support against the US Dollar. 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