TRXUSD on TradingView.com<\/a><\/figcaption><\/figure>\nA close above the $0.1650 resistance might send TRX further higher toward $0.1720. The next major resistance is near the $0.1740 level, above which the bulls are likely to aim for a larger increase toward $0.1850 in the near term.<\/p>\n
Are Dips Supported in TRX?<\/h2>\n If TRX price fails to clear the $0.1620 resistance, it could start a downside correction. Initial support on the downside is near the $0.1595 zone and the channel\u2019s trend line.<\/p>\n
The first major support is near the $0.1575, below which it could test $0.1550. Any more losses might send Tron toward the $0.1520 support in the coming sessions.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for TRX\/USD is gaining momentum in the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for TRX\/USD is currently above the 50 level.<\/p>\n
Major Support Levels \u2013 $0.1550 and $0.1520.<\/p>\n
Major Resistance Levels \u2013 $0.1620 and $0.1650.<\/p>\n","protected":false},"excerpt":{"rendered":"
Tron price is holding gains above the $0.1550 zone against the US Dollar. TRX is outperforming Bitcoin and could start a fresh increase above $0.1620. Tron is stable and holding gains above $0.1550 against the US dollar. The price is trading below $0.1620 and the 100-hourly simple moving average. There is a key rising channel forming with support at $0.1595 on the hourly chart of the TRX\/USD pair (data source from Kraken). The pair could continue to climb higher toward $0.1620 or even $0.1650. Tron Price Eyes Fresh Increase Recently, Bitcoin and Ethereum saw a fresh decline below $60,000 and $2,650 respectively. However, Tron price remained stable above the $0.1550 support. A low was formed near $0.1554 and the price started a decent upward move. There was a move above the $0.1585 resistance level. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.1688 swing high to the $0.1554 low. However, the bears seem to be active near the $0.1620 level. TRX price is now trading below $0.1620 and the 100-hourly simple moving average. There is also a key rising channel forming with support at $0.1595 on the hourly chart of the TRX\/USD pair. On the upside, an initial resistance is near the $0.1610 level. The first major resistance is near $0.1620, above which the price could accelerate higher. The next resistance is near $0.1650 or the 76.4% Fib retracement level of the downward move from the $0.1688 swing high to the $0.1554 low. A close above the $0.1650 resistance might send TRX further higher toward $0.1720. The next major resistance is near the $0.1740 level, above which the bulls are likely to aim for a larger increase toward $0.1850 in the near term. Are Dips Supported in TRX? If TRX price fails to clear the $0.1620 resistance, it could start a downside correction. Initial support on the downside is near the $0.1595 zone and the channel\u2019s trend line. The first major support is near the $0.1575, below which it could test $0.1550. Any more losses might send Tron toward the $0.1520 support in the coming sessions. Technical Indicators Hourly MACD \u2013 The MACD for TRX\/USD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for TRX\/USD is currently above the 50 level. Major Support Levels \u2013 $0.1550 and $0.1520. Major Resistance Levels \u2013 $0.1620 and $0.1650.<\/p>\n","protected":false},"author":67,"featured_media":638700,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[14463,11993,16505,87822],"class_list":["post-638698","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-tron-price","tag-trx","tag-trx-usd","tag-trx-usdt"],"acf":[],"yoast_head":"\n
Tron Price Survives The Storm: Can TRX Climb Further??<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n