{"id":28649,"date":"2023-08-24T06:52:36","date_gmt":"2023-08-24T10:52:36","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=28649"},"modified":"2023-08-24T06:52:36","modified_gmt":"2023-08-24T10:52:36","slug":"tron-price-prediction-trx-outperforms-bitcoin-and-could-rally-to-0-082","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/08\/24\/tron-price-prediction-trx-outperforms-bitcoin-and-could-rally-to-0-082\/","title":{"rendered":"Tron Price Prediction: TRX Outperforms Bitcoin and Could Rally To $0.082"},"content":{"rendered":"

Tron price is rising and trading above $0.0760 against the US Dollar. TRX is outperforming Bitcoin and could rally further toward the $0.0820 resistance.<\/em><\/p>\n

Tron is moving higher from the $0.0720 support zone against the US dollar.
\nThe price is trading above $0.0760 and the 100 simple moving average (4 hours).
\nThere is a key bullish trend line forming with support near $0.0762 on the 4-hour chart of the TRX\/USD pair (data source from Kraken).
\nThe pair could continue to climb higher toward $0.080 and $0.0820.<\/p>\n

Tron Price Starts Fresh Increase<\/h2>\n

This past week, Tron\u2019s price saw a sharp decline below the $0.0760 support against the US Dollar, similar to Bitcoin and Ethereum<\/a>. TRX tested the $0.0715 zone where the bulls took a stand.<\/p>\n

A low was formed near $0.0713 and the price started a fresh increase. There was a decent increase above the $0.0740 and $0.0750 resistance levels. It even outperformed Bitcoin<\/a> in the past couple of sessions and broke the $0.0760 resistance.<\/p>\n

There was a move above the 76.4% Fib retracement level of the downward move from the $0.0775 swing high to the $0.0713 low. TRX is now trading above $0.0760 and the 100 simple moving average (4 hours).<\/p>\n

There is also a key bullish trend line forming with support near $0.0762 on the 4-hour chart of the TRX\/USD pair. On the upside, an initial resistance is near the $0.0790 zone. The first major resistance is near $0.080, above which the price could rise toward the $0.0820 resistance or the 1.618 Fib extension level of the downward move from the $0.0775 swing high to the $0.0713 low.<\/p>\n\n

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

A close above the $0.0820 resistance might send TRX further higher. The next major resistance is near the $0.0850 level, above which the bulls are likely to aim a larger increase toward the key $0.0900 zone in the coming days.<\/p>\n

Are Dips Limited in TRX?<\/h2>\n

If TRX price fails to clear the $0.080 resistance, it could start a downside correction. Initial support on the downside is near the $0.0760 zone and the trend line.<\/p>\n

The first major support is near the $0.0745 level, below which the price could accelerate lower. The next major support is $0.0715.<\/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 $0.0760, $0.0745, and $0.0715.<\/p>\n

Major Resistance Levels \u2013 $0.0790, $0.0800, and $0.0820.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Tron price is rising and trading above $0.0760 against the US Dollar. TRX is outperforming Bitcoin and could rally further toward the $0.0820 resistance.<\/em><\/p>\n

Tron is moving higher from the $0.0720 support zone against the US dollar.
\nThe price is trading above $0.0760 and the 100 simple moving average (4 hours).
\nThere is a key bullish trend line forming with support near $0.0762 on the 4-hour chart of the TRX\/USD pair (data source from Kraken).
\nThe pair could continue to climb higher toward $0.080 and $0.0820.<\/p>\n

Tron Price Starts Fresh Increase<\/h2>\n

This past week, Tron\u2019s price saw a sharp decline below the $0.0760 support against the US Dollar, similar to Bitcoin and Ethereum<\/a>. TRX tested the $0.0715 zone where the bulls took a stand.<\/p>\n

A low was formed near $0.0713 and the price started a fresh increase. There was a decent increase above the $0.0740 and $0.0750 resistance levels. It even outperformed Bitcoin<\/a> in the past couple of sessions and broke the $0.0760 resistance.<\/p>\n

There was a move above the 76.4% Fib retracement level of the downward move from the $0.0775 swing high to the $0.0713 low. TRX is now trading above $0.0760 and the 100 simple moving average (4 hours).<\/p>\n

There is also a key bullish trend line forming with support near $0.0762 on the 4-hour chart of the TRX\/USD pair. On the upside, an initial resistance is near the $0.0790 zone. The first major resistance is near $0.080, above which the price could rise toward the $0.0820 resistance or the 1.618 Fib extension level of the downward move from the $0.0775 swing high to the $0.0713 low.<\/p>\n

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

A close above the $0.0820 resistance might send TRX further higher. The next major resistance is near the $0.0850 level, above which the bulls are likely to aim a larger increase toward the key $0.0900 zone in the coming days.<\/p>\n

Are Dips Limited in TRX?<\/h2>\n

If TRX price fails to clear the $0.080 resistance, it could start a downside correction. Initial support on the downside is near the $0.0760 zone and the trend line.<\/p>\n

The first major support is near the $0.0745 level, below which the price could accelerate lower. The next major support is $0.0715.<\/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 $0.0760, $0.0745, and $0.0715.<\/p>\n

Major Resistance Levels \u2013 $0.0790, $0.0800, and $0.0820.<\/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-28649","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\/28649","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=28649"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/28649\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=28649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=28649"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=28649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}