{"id":29538,"date":"2023-09-13T04:52:58","date_gmt":"2023-09-13T08:52:58","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=29538"},"modified":"2023-09-13T04:52:58","modified_gmt":"2023-09-13T08:52:58","slug":"tron-price-prediction-trx-again-outperforms-bitcoin-and-eth-0-10-possible","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/09\/13\/tron-price-prediction-trx-again-outperforms-bitcoin-and-eth-0-10-possible\/","title":{"rendered":"Tron Price Prediction: TRX Again Outperforms Bitcoin and ETH, $0.10 Possible?"},"content":{"rendered":"

Tron price is showing positive signs above $0.080 against the US Dollar. TRX is outperforming Bitcoin and could start another increase toward $0.10.<\/em><\/p>\n

Tron is moving higher above the $0.0800 pivot level against the US dollar.
\nThe price is trading above $0.080 and the 100 simple moving average (4 hours).
\nThere is a connecting bullish trend line forming with support near $0.0780 on the 4-hour chart of the TRX\/USD pair (data source from Kraken).
\nThe pair could continue to climb higher toward $0.085 or even $0.095.<\/p>\n

Tron Price Surges Further<\/h2>\n

In the last Tron price analysis, we discussed the chances of more gains in TRX<\/a> against the US Dollar. TRX formed a base above the $0.0770 level and started another increase.<\/p>\n

There was a clear move above the $0.080 resistance zone, outperforming Bitcoin<\/a>. The price even cleared the $0.082 level. A high is formed near $0.0828 and the price is now correcting gains below the 23.6% Fib retracement level of the upward move from the $0.0770 swing low to the $0.0828 high.<\/p>\n

TRX is now trading above $0.080 and the 100 simple moving average (4 hours). There is also a connecting bullish trend line forming with support near $0.0780 on the 4-hour chart of the TRX\/USD pair.<\/p>\n\n

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

On the upside, an initial resistance is near the $0.0815 level. The first major resistance is near $0.0828, above which the price could accelerate higher. The next resistance is near $0.085. A close above the $0.085 resistance might send TRX further higher. The next major resistance is near the $0.092 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 Supported in TRX?<\/h2>\n

If TRX price fails to clear the $0.0815 resistance, it could slowly move lower. Initial support on the downside is near the $0.080 zone. The first major support is near the $0.0792 level or the 61.8% Fib retracement level of the upward move from the $0.0770 swing low to the $0.0828 high.<\/p>\n

The next support is near $0.0780 or the trend line, below which the price could accelerate lower. The next major support is $0.0755.<\/p>\n

Technical Indicators<\/p>\n

4 hours MACD \u2013 The MACD for TRX\/USD is losing 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 $0.080, $0.0792, and $0.0780.<\/p>\n

Major Resistance Levels \u2013 $0.0815, $0.0828, and $0.092.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Tron price is showing positive signs above $0.080 against the US Dollar. TRX is outperforming Bitcoin and could start another increase toward $0.10.<\/em><\/p>\n

Tron is moving higher above the $0.0800 pivot level against the US dollar.
\nThe price is trading above $0.080 and the 100 simple moving average (4 hours).
\nThere is a connecting bullish trend line forming with support near $0.0780 on the 4-hour chart of the TRX\/USD pair (data source from Kraken).
\nThe pair could continue to climb higher toward $0.085 or even $0.095.<\/p>\n

Tron Price Surges Further<\/h2>\n

In the last Tron price analysis, we discussed the chances of more gains in TRX<\/a> against the US Dollar. TRX formed a base above the $0.0770 level and started another increase.<\/p>\n

There was a clear move above the $0.080 resistance zone, outperforming Bitcoin<\/a>. The price even cleared the $0.082 level. A high is formed near $0.0828 and the price is now correcting gains below the 23.6% Fib retracement level of the upward move from the $0.0770 swing low to the $0.0828 high.<\/p>\n

TRX is now trading above $0.080 and the 100 simple moving average (4 hours). There is also a connecting bullish trend line forming with support near $0.0780 on the 4-hour chart of the TRX\/USD pair.<\/p>\n

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

On the upside, an initial resistance is near the $0.0815 level. The first major resistance is near $0.0828, above which the price could accelerate higher. The next resistance is near $0.085. A close above the $0.085 resistance might send TRX further higher. The next major resistance is near the $0.092 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 Supported in TRX?<\/h2>\n

If TRX price fails to clear the $0.0815 resistance, it could slowly move lower. Initial support on the downside is near the $0.080 zone. The first major support is near the $0.0792 level or the 61.8% Fib retracement level of the upward move from the $0.0770 swing low to the $0.0828 high.<\/p>\n

The next support is near $0.0780 or the trend line, below which the price could accelerate lower. The next major support is $0.0755.<\/p>\n

Technical Indicators<\/p>\n

4 hours MACD \u2013 The MACD for TRX\/USD is losing 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 $0.080, $0.0792, and $0.0780.<\/p>\n

Major Resistance Levels \u2013 $0.0815, $0.0828, and $0.092.<\/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-29538","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\/29538","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=29538"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/29538\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=29538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=29538"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=29538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}