{"id":30299,"date":"2023-09-29T05:53:56","date_gmt":"2023-09-29T09:53:56","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=30299"},"modified":"2023-09-29T05:53:56","modified_gmt":"2023-09-29T09:53:56","slug":"tron-price-prediction-trx-bulls-keeps-pushing-why-rally-isnt-over-yet","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/09\/29\/tron-price-prediction-trx-bulls-keeps-pushing-why-rally-isnt-over-yet\/","title":{"rendered":"Tron Price Prediction: TRX Bulls Keeps Pushing, Why Rally Isn\u2019t Over Yet"},"content":{"rendered":"

Tron price is gaining pace above $0.0850 against the US Dollar. TRX is outperforming Bitcoin and could rise further toward $0.092.<\/em><\/p>\n

Tron is moving higher above the $0.0850 resistance level against the US dollar.
\nThe price is trading above $0.0862 and the 100 simple moving average (4 hours).
\nThere is a major bullish trend line forming with support near $0.0855 on the 4-hour chart of the TRX\/USD pair (data source from Kraken).
\nThe pair could continue to climb higher toward $0.092 or even $0.095.<\/p>\n

Tron Price Regains Strength<\/h2>\n

In the last Tron price analysis, we discussed the chances of more gains in TRX against the US Dollar. TRX remained stable, outperformed Bitcoin<\/a>, and traded above the $0.082 resistance level.<\/p>\n

The bulls were able to pump the price above the $0.0825 and $0.0850 resistance levels. A high was formed near $0.0879 and the price is currently consolidating gains. The current price action suggests that the price could climb further higher above $0.088.<\/p>\n

It is now trading well above the 23.6% Fib retracement level of the upward move from the $0.0820 swing low to the $0.0879 high. TRX is also trading above $0.0865 and the 100 simple moving average (4 hours)<\/a>. There is also a major bullish trend line forming with support near $0.0855 on the 4-hour chart of the TRX\/USD pair.<\/p>\n

On the upside, an initial resistance is near the $0.088 level. The first major resistance is near $0.0920, above which the price could accelerate higher. The next resistance is near $0.095.<\/p>\n

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

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

A close above the $0.095 resistance might send TRX further higher toward $0.10. The next major resistance is near the $0.105 level, above which the bulls are likely to aim for a larger increase toward $0.112.<\/p>\n

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

If TRX price fails to clear the $0.088 resistance, it could start a downside correction. Initial support on the downside is near the $0.0867 zone. The first major support is near the $0.0855 level or the trend line.<\/p>\n

The trend line is near the 50% Fib retracement level of the upward move from the $0.0820 swing low to the $0.0879 high, below which it could test the 100 simple moving average (4 hours). The next major support is $0.0830.<\/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 $0.0867, $0.0855, and $0.0830.<\/p>\n

Major Resistance Levels \u2013 $0.0880, $0.0920, and $0.0950.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Tron price is gaining pace above $0.0850 against the US Dollar. TRX is outperforming Bitcoin and could rise further toward $0.092.<\/em><\/p>\n

Tron is moving higher above the $0.0850 resistance level against the US dollar.
\nThe price is trading above $0.0862 and the 100 simple moving average (4 hours).
\nThere is a major bullish trend line forming with support near $0.0855 on the 4-hour chart of the TRX\/USD pair (data source from Kraken).
\nThe pair could continue to climb higher toward $0.092 or even $0.095.<\/p>\n

Tron Price Regains Strength<\/h2>\n

In the last Tron price analysis, we discussed the chances of more gains in TRX against the US Dollar. TRX remained stable, outperformed Bitcoin<\/a>, and traded above the $0.082 resistance level.<\/p>\n

The bulls were able to pump the price above the $0.0825 and $0.0850 resistance levels. A high was formed near $0.0879 and the price is currently consolidating gains. The current price action suggests that the price could climb further higher above $0.088.<\/p>\n

It is now trading well above the 23.6% Fib retracement level of the upward move from the $0.0820 swing low to the $0.0879 high. TRX is also trading above $0.0865 and the 100 simple moving average (4 hours)<\/a>. There is also a major bullish trend line forming with support near $0.0855 on the 4-hour chart of the TRX\/USD pair.<\/p>\n

On the upside, an initial resistance is near the $0.088 level. The first major resistance is near $0.0920, above which the price could accelerate higher. The next resistance is near $0.095.<\/p>\n

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

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

A close above the $0.095 resistance might send TRX further higher toward $0.10. The next major resistance is near the $0.105 level, above which the bulls are likely to aim for a larger increase toward $0.112.<\/p>\n

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

If TRX price fails to clear the $0.088 resistance, it could start a downside correction. Initial support on the downside is near the $0.0867 zone. The first major support is near the $0.0855 level or the trend line.<\/p>\n

The trend line is near the 50% Fib retracement level of the upward move from the $0.0820 swing low to the $0.0879 high, below which it could test the 100 simple moving average (4 hours). The next major support is $0.0830.<\/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 $0.0867, $0.0855, and $0.0830.<\/p>\n

Major Resistance Levels \u2013 $0.0880, $0.0920, and $0.0950.<\/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-30299","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\/30299","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=30299"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/30299\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=30299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=30299"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=30299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}