{"id":29332,"date":"2023-09-08T04:52:50","date_gmt":"2023-09-08T08:52:50","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=29332"},"modified":"2023-09-08T04:52:50","modified_gmt":"2023-09-08T08:52:50","slug":"tron-price-prediction-trx-regains-strength-as-the-bulls-aim-0-10","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/09\/08\/tron-price-prediction-trx-regains-strength-as-the-bulls-aim-0-10\/","title":{"rendered":"Tron Price Prediction: TRX Regains Strength As The Bulls Aim $0.10"},"content":{"rendered":"

Tron price is gaining pace above $0.0780 against the US Dollar. TRX is outperforming Bitcoin and could rally further above the $0.0800 resistance.<\/em><\/p>\n

Tron is moving higher above the $0.0750 pivot level against the US dollar.
\nThe price is trading above $0.078 and the 100 simple moving average (4 hours).
\nThere was a break above a major contracting triangle with resistance near $0.0770 on the 4-hour chart of the TRX\/USD pair (data source from Kraken).
\nThe pair could continue to climb higher toward $0.088 or even $0.10.<\/p>\n

Tron Price Breaks Higher<\/h2>\n

In the last Tron price prediction<\/a>, we discussed the chances of an upside break against the US Dollar. TRX remained well-bid and stable above the $0.0750 level.<\/p>\n

It started a decent increase and broke a few key hurdles near $0.0775, outperforming Bitcoin<\/a>. There was a break above a major contracting triangle with resistance near $0.0770 on the 4-hour chart of the TRX\/USD pair. The pair even cleared the $0.0785 level.<\/p>\n

A high is formed near $0.0793 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $0.0751 swing low to the $0.0793 high.<\/p>\n

TRX is trading above $0.078 and the 100 simple moving average (4 hours). On the upside, an initial resistance is near the $0.0795 level. The first major resistance is near $0.080, above which the price could accelerate higher. The next resistance is near $0.088.<\/p>\n\n

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

A close above the $0.0880 resistance might send TRX further higher. The next major resistance is near the $0.095 level, above which the bulls are likely to aim a larger increase toward the key $0.10 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 $0.0780 zone.<\/p>\n

The first major support is near the $0.0770 level or the 50% Fib retracement level of the upward move from the $0.0751 swing low to the $0.0793 high, below which the price could accelerate lower. The next major support is $0.0750.<\/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 $0.0780, $0.0770, and $0.0750.<\/p>\n

Major Resistance Levels \u2013 $0.080, $0.0880, and $0.100.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Tron price is gaining pace above $0.0780 against the US Dollar. TRX is outperforming Bitcoin and could rally further above the $0.0800 resistance.<\/em><\/p>\n

Tron is moving higher above the $0.0750 pivot level against the US dollar.
\nThe price is trading above $0.078 and the 100 simple moving average (4 hours).
\nThere was a break above a major contracting triangle with resistance near $0.0770 on the 4-hour chart of the TRX\/USD pair (data source from Kraken).
\nThe pair could continue to climb higher toward $0.088 or even $0.10.<\/p>\n

Tron Price Breaks Higher<\/h2>\n

In the last Tron price prediction<\/a>, we discussed the chances of an upside break against the US Dollar. TRX remained well-bid and stable above the $0.0750 level.<\/p>\n

It started a decent increase and broke a few key hurdles near $0.0775, outperforming Bitcoin<\/a>. There was a break above a major contracting triangle with resistance near $0.0770 on the 4-hour chart of the TRX\/USD pair. The pair even cleared the $0.0785 level.<\/p>\n

A high is formed near $0.0793 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $0.0751 swing low to the $0.0793 high.<\/p>\n

TRX is trading above $0.078 and the 100 simple moving average (4 hours). On the upside, an initial resistance is near the $0.0795 level. The first major resistance is near $0.080, above which the price could accelerate higher. The next resistance is near $0.088.<\/p>\n

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

A close above the $0.0880 resistance might send TRX further higher. The next major resistance is near the $0.095 level, above which the bulls are likely to aim a larger increase toward the key $0.10 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 $0.0780 zone.<\/p>\n

The first major support is near the $0.0770 level or the 50% Fib retracement level of the upward move from the $0.0751 swing low to the $0.0793 high, below which the price could accelerate lower. The next major support is $0.0750.<\/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 $0.0780, $0.0770, and $0.0750.<\/p>\n

Major Resistance Levels \u2013 $0.080, $0.0880, and $0.100.<\/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-29332","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\/29332","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=29332"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/29332\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=29332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=29332"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=29332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}