{"id":29028,"date":"2023-09-01T04:52:35","date_gmt":"2023-09-01T08:52:35","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=29028"},"modified":"2023-09-01T04:52:35","modified_gmt":"2023-09-01T08:52:35","slug":"tron-price-prediction-trx-eyes-bullish-break-while-bitcoin-and-eth-struggle","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/09\/01\/tron-price-prediction-trx-eyes-bullish-break-while-bitcoin-and-eth-struggle\/","title":{"rendered":"Tron Price Prediction: TRX Eyes Bullish Break While Bitcoin and ETH Struggle"},"content":{"rendered":"

Tron price is rising and trading above $0.0750 against the US Dollar. TRX is outperforming Bitcoin and could rally further above the $0.0780 resistance.<\/em><\/p>\n

Tron is moving higher from the $0.0738 support zone against the US dollar.
\nThe price is trading above $0.0750 and the 100 simple moving average (4 hours).
\nThere is a crucial contracting triangle forming with resistance near $0.0775 on the 4-hour chart of the TRX\/USD pair (data source from Kraken).
\nThe pair could continue to climb higher if it breaks $0.0775 and $0.0780.<\/p>\n

Tron Price Remains Supported<\/h2>\n

This past week, Tron\u2019s price saw a rejection pattern near the $0.0780 resistance against the US Dollar. TRX made a couple of attempts to clear $0.0775 and $0.0780 but failed.<\/p>\n

There was a downside correction below the $0.0765 level. The price declined below the 23.6% Fib retracement level of the upward move from the $0.0713 swing low to the $0.0778 high. However, the bulls were active near the $0.0750 support.<\/p>\n

TRX stayed above the 50% Fib retracement level of the upward move from the $0.0713 swing low to the $0.0778 high. The price is now trading above $0.0750 and the 100 simple moving average (4 hours).<\/p>\n

It is showing positive signs and outperforming both Bitcoin<\/a> and Ethereum<\/a>. On the upside, an initial resistance is near the $0.0775 level. Besides, there is a crucial contracting triangle forming with resistance near $0.0775 on the 4-hour chart of the TRX\/USD pair.<\/p>\n\n

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

The first major resistance is near $0.0780, above which the price could start a fresh increase. The next resistance is near $0.080. A close above the $0.0800 resistance might send TRX further higher. The next major resistance is near the $0.0832 level, above which the bulls are likely to aim a larger increase toward the key $0.0880 zone in the coming days.<\/p>\n

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

If TRX price fails to clear the $0.0780 resistance, it could start a downside correction. Initial support on the downside is near the $0.0760 zone and the 100 SMA.<\/p>\n

The first major support is near the $0.0750 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, $0.0750, and $0.0715.<\/p>\n

Major Resistance Levels \u2013 $0.0780, $0.0800, and $0.0832.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Tron price is rising and trading above $0.0750 against the US Dollar. TRX is outperforming Bitcoin and could rally further above the $0.0780 resistance.<\/em><\/p>\n

Tron is moving higher from the $0.0738 support zone against the US dollar.
\nThe price is trading above $0.0750 and the 100 simple moving average (4 hours).
\nThere is a crucial contracting triangle forming with resistance near $0.0775 on the 4-hour chart of the TRX\/USD pair (data source from Kraken).
\nThe pair could continue to climb higher if it breaks $0.0775 and $0.0780.<\/p>\n

Tron Price Remains Supported<\/h2>\n

This past week, Tron\u2019s price saw a rejection pattern near the $0.0780 resistance against the US Dollar. TRX made a couple of attempts to clear $0.0775 and $0.0780 but failed.<\/p>\n

There was a downside correction below the $0.0765 level. The price declined below the 23.6% Fib retracement level of the upward move from the $0.0713 swing low to the $0.0778 high. However, the bulls were active near the $0.0750 support.<\/p>\n

TRX stayed above the 50% Fib retracement level of the upward move from the $0.0713 swing low to the $0.0778 high. The price is now trading above $0.0750 and the 100 simple moving average (4 hours).<\/p>\n

It is showing positive signs and outperforming both Bitcoin<\/a> and Ethereum<\/a>. On the upside, an initial resistance is near the $0.0775 level. Besides, there is a crucial contracting triangle forming with resistance near $0.0775 on the 4-hour chart of the TRX\/USD pair.<\/p>\n

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

The first major resistance is near $0.0780, above which the price could start a fresh increase. The next resistance is near $0.080. A close above the $0.0800 resistance might send TRX further higher. The next major resistance is near the $0.0832 level, above which the bulls are likely to aim a larger increase toward the key $0.0880 zone in the coming days.<\/p>\n

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

If TRX price fails to clear the $0.0780 resistance, it could start a downside correction. Initial support on the downside is near the $0.0760 zone and the 100 SMA.<\/p>\n

The first major support is near the $0.0750 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, $0.0750, and $0.0715.<\/p>\n

Major Resistance Levels \u2013 $0.0780, $0.0800, and $0.0832.<\/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-29028","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\/29028","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=29028"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/29028\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=29028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=29028"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=29028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}