{"id":14093,"date":"2022-12-15T05:52:45","date_gmt":"2022-12-15T09:52:45","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=14093"},"modified":"2022-12-15T05:52:45","modified_gmt":"2022-12-15T09:52:45","slug":"tron-price-prediction-why-trx-could-outperform-btc-and-eth","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2022\/12\/15\/tron-price-prediction-why-trx-could-outperform-btc-and-eth\/","title":{"rendered":"Tron Price Prediction: Why TRX Could Outperform BTC and ETH"},"content":{"rendered":"

Tron price is up over 5% and showing positive signs above $0.055 against the US Dollar. TRX could outperform bitcoin and rise further towards $0.060.<\/em><\/p>\n

Tron price is trading in a positive zone well above the $0.0520 pivot level against the US dollar.
\nThe price is showing positive signs above $0.055 and the 100 simple moving average (4-hours).
\nThere is a major bullish trend line forming with support near $0.0530 on the 4-hours chart of the TRX\/USD pair (data source from Kraken).
\nThe pair is likely to start a fresh increase above the $0.0562 and $0.0575 resistance levels.<\/p>\n

Tron Price Jumps 5%<\/h2>\n

In the past few days, tron price remained strong above the $0.0520 level against the US Dollar, outperforming bitcoin<\/a> and ethereum<\/a>. TRX gained pace for a clear move above the $0.055 resistance and the 100 simple moving average (4-hours).<\/p>\n

The price traded to a new weekly high at $0.0575 and it is currently correcting gains. There was a move below the 23.6% Fib retracement level of the recent rally from the $0.0519 low to $0.0575 high. Trx price is now trading above $0.055 and the 100 simple moving average (4-hours).<\/p>\n

It is also above the 50% Fib retracement level of the recent rally from the $0.0519 low to $0.0575 high. On the upside, an initial resistance is near the $0.0562 level.<\/p>\n

<\/a><\/p>\n

Source: TRXUSD on TradingView.com<\/a><\/p>\n

The next major resistance is near the $0.0575 level, above which the bulls are likely to aim a larger increase towards the key $0.0600 zone in the coming sessions. Any more gains could set the pace for a move towards the $0.0645 level.<\/p>\n

Dips Likely to be Limited in TRX<\/h2>\n

If TRX price fails to clear the $0.0575 barrier, it could correct lower. An initial support on the downside is near the $0.0550 zone, where the bulls are currently taking a stand.<\/p>\n

The next major support is near the $0.0540 level and the 100 simple moving average (4-hours). The main support is near the trend line and $0.0530, below which there is a risk of a move towards the $0.050 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 currently above the 50 level.<\/p>\n

Major Support Levels \u2013 $0.0550, $0.0542 and $0.0530.<\/p>\n

Major Resistance Levels \u2013 $0.0562, $0.0575 and $0.0600.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Tron price is up over 5% and showing positive signs above $0.055 against the US Dollar. TRX could outperform bitcoin and rise further towards $0.060.<\/em><\/p>\n

Tron price is trading in a positive zone well above the $0.0520 pivot level against the US dollar.
\nThe price is showing positive signs above $0.055 and the 100 simple moving average (4-hours).
\nThere is a major bullish trend line forming with support near $0.0530 on the 4-hours chart of the TRX\/USD pair (data source from Kraken).
\nThe pair is likely to start a fresh increase above the $0.0562 and $0.0575 resistance levels.<\/p>\n

Tron Price Jumps 5%<\/h2>\n

In the past few days, tron price remained strong above the $0.0520 level against the US Dollar, outperforming bitcoin<\/a> and ethereum<\/a>. TRX gained pace for a clear move above the $0.055 resistance and the 100 simple moving average (4-hours).<\/p>\n

The price traded to a new weekly high at $0.0575 and it is currently correcting gains. There was a move below the 23.6% Fib retracement level of the recent rally from the $0.0519 low to $0.0575 high. Trx price is now trading above $0.055 and the 100 simple moving average (4-hours).<\/p>\n

It is also above the 50% Fib retracement level of the recent rally from the $0.0519 low to $0.0575 high. On the upside, an initial resistance is near the $0.0562 level.<\/p>\n

<\/a><\/p>\n

Source: TRXUSD on TradingView.com<\/a><\/p>\n

The next major resistance is near the $0.0575 level, above which the bulls are likely to aim a larger increase towards the key $0.0600 zone in the coming sessions. Any more gains could set the pace for a move towards the $0.0645 level.<\/p>\n

Dips Likely to be Limited in TRX<\/h2>\n

If TRX price fails to clear the $0.0575 barrier, it could correct lower. An initial support on the downside is near the $0.0550 zone, where the bulls are currently taking a stand.<\/p>\n

The next major support is near the $0.0540 level and the 100 simple moving average (4-hours). The main support is near the trend line and $0.0530, below which there is a risk of a move towards the $0.050 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 currently above the 50 level.<\/p>\n

Major Support Levels \u2013 $0.0550, $0.0542 and $0.0530.<\/p>\n

Major Resistance Levels \u2013 $0.0562, $0.0575 and $0.0600.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-14093","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/14093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=14093"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/14093\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=14093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=14093"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=14093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}