{"id":30063,"date":"2023-09-25T05:53:15","date_gmt":"2023-09-25T09:53:15","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=30063"},"modified":"2023-09-25T05:53:15","modified_gmt":"2023-09-25T09:53:15","slug":"tron-price-prediction-trx-could-rally-to-0-095-and-outperform-bitcoin","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/09\/25\/tron-price-prediction-trx-could-rally-to-0-095-and-outperform-bitcoin\/","title":{"rendered":"Tron Price Prediction: TRX Could Rally To $0.095 and Outperform Bitcoin"},"content":{"rendered":"

Tron price is holding gains above $0.0825 against the US Dollar. TRX is outperforming Bitcoin and could rise further toward $0.095.<\/em><\/p>\n

Tron is moving higher above the $0.0825 resistance level against the US dollar.
\nThe price is trading above $0.0830 and the 100 simple moving average (4 hours).
\nThere is a short-term contracting triangle forming with resistance near $0.0844 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 $0.095.<\/p>\n

Tron Price Eyes Upside Break<\/h2>\n

In the last Tron price prediction<\/a>, we discussed how TRX outperformed Bitcoin<\/a> against the US Dollar. TRX remained stable and was able to settle above the $0.080 pivot level.<\/p>\n

There was a decent increase above the $0.0825 and $0.0832 resistance levels. A high was formed near $0.0849 and the price recently corrected lower. There was a minor decline below the $0.0835 level. However, the bulls were active near the $0.0830 support.<\/p>\n

The price found support near the 23.6% Fib retracement level of the upward move from the $0.0770 swing low to the $0.0849 high. TRX is now trading above $0.0825 and the 100 simple moving average (4 hours). There is also a short-term contracting triangle forming with resistance near $0.0844 on the 4-hour chart of the TRX\/USD pair.<\/p>\n

On the upside, an initial resistance is near the $0.0844 level. The first major resistance is near $0.0850, above which the price could accelerate higher. The next resistance is near $0.088.<\/p>\n

<\/a><\/p>\n

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

A close above the $0.088 resistance might send TRX further higher toward $0.0920. The next major resistance is near the $0.095 level, above which the bulls are likely to aim for a larger increase toward $0.095.<\/p>\n

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

If TRX price fails to clear the $0.085 resistance, it could slowly move lower. Initial support on the downside is near the $0.083 zone. The first major support is near the $0.082 level or the 100 simple moving average (4 hours).<\/p>\n

The next major support is near $0.080 or the 61.8% Fib retracement level of the upward move from the $0.0770 swing low to the $0.0849 high, below which the price could accelerate lower. The next major support is $0.0770.<\/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 $0.083, $0.082, and $0.080.<\/p>\n

Major Resistance Levels \u2013 $0.085, $0.088, and $0.095.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Tron price is holding gains above $0.0825 against the US Dollar. TRX is outperforming Bitcoin and could rise further toward $0.095.<\/em><\/p>\n

Tron is moving higher above the $0.0825 resistance level against the US dollar.
\nThe price is trading above $0.0830 and the 100 simple moving average (4 hours).
\nThere is a short-term contracting triangle forming with resistance near $0.0844 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 $0.095.<\/p>\n

Tron Price Eyes Upside Break<\/h2>\n

In the last Tron price prediction<\/a>, we discussed how TRX outperformed Bitcoin<\/a> against the US Dollar. TRX remained stable and was able to settle above the $0.080 pivot level.<\/p>\n

There was a decent increase above the $0.0825 and $0.0832 resistance levels. A high was formed near $0.0849 and the price recently corrected lower. There was a minor decline below the $0.0835 level. However, the bulls were active near the $0.0830 support.<\/p>\n

The price found support near the 23.6% Fib retracement level of the upward move from the $0.0770 swing low to the $0.0849 high. TRX is now trading above $0.0825 and the 100 simple moving average (4 hours). There is also a short-term contracting triangle forming with resistance near $0.0844 on the 4-hour chart of the TRX\/USD pair.<\/p>\n

On the upside, an initial resistance is near the $0.0844 level. The first major resistance is near $0.0850, above which the price could accelerate higher. The next resistance is near $0.088.<\/p>\n

<\/a><\/p>\n

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

A close above the $0.088 resistance might send TRX further higher toward $0.0920. The next major resistance is near the $0.095 level, above which the bulls are likely to aim for a larger increase toward $0.095.<\/p>\n

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

If TRX price fails to clear the $0.085 resistance, it could slowly move lower. Initial support on the downside is near the $0.083 zone. The first major support is near the $0.082 level or the 100 simple moving average (4 hours).<\/p>\n

The next major support is near $0.080 or the 61.8% Fib retracement level of the upward move from the $0.0770 swing low to the $0.0849 high, below which the price could accelerate lower. The next major support is $0.0770.<\/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 $0.083, $0.082, and $0.080.<\/p>\n

Major Resistance Levels \u2013 $0.085, $0.088, and $0.095.<\/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-30063","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\/30063","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=30063"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/30063\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=30063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=30063"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=30063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}