{"id":27292,"date":"2023-07-26T05:52:39","date_gmt":"2023-07-26T09:52:39","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=27292"},"modified":"2023-07-26T05:52:39","modified_gmt":"2023-07-26T09:52:39","slug":"tron-price-prediction-trx-trades-near-key-juncture-can-it-rally-again","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/07\/26\/tron-price-prediction-trx-trades-near-key-juncture-can-it-rally-again\/","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

Tron is holding major support near $0.080 against the US dollar.
\nThe price is trading above $0.0805 and the 100 simple moving average (4 hours).
\nThere 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).
\nThe pair could start a decent increase if there is a move above the $0.0835 resistance.<\/p>\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\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>","protected":false},"excerpt":{"rendered":"

<\/p>\n

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

Tron is holding major support near $0.080 against the US dollar.
\nThe price is trading above $0.0805 and the 100 simple moving average (4 hours).
\nThere 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).
\nThe pair could start a decent increase if there is a move above the $0.0835 resistance.<\/p>\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

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

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-27292","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\/27292","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=27292"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/27292\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=27292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=27292"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=27292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}