{"id":31004,"date":"2023-10-16T05:53:36","date_gmt":"2023-10-16T09:53:36","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=31004"},"modified":"2023-10-16T05:53:36","modified_gmt":"2023-10-16T09:53:36","slug":"tron-price-prediction-trx-may-have-another-chance-for-a-bullish-streak","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/10\/16\/tron-price-prediction-trx-may-have-another-chance-for-a-bullish-streak\/","title":{"rendered":"Tron Price Prediction: TRX May Have Another Chance For A Bullish Streak"},"content":{"rendered":"

Tron price is gaining pace above $0.0865 against the US Dollar. TRX is outperforming Bitcoin and could rise further toward $0.091.<\/em><\/p>\n

Tron is moving higher above the $0.0865 resistance level against the US dollar.
\nThe price is trading above $0.0870 and the 100 simple moving average (4 hours).
\nThere was a break above a key bearish trend line with resistance near $0.0850 on the 4-hour chart of the TRX\/USD pair (data source from Kraken).
\nThe pair could continue to climb higher toward $0.0885 or even $0.091.<\/p>\n

Tron Price Aims Higher<\/h2>\n

After facing a rejection near $0.0910, Tron price started a downside correction. TRX declined below the $0.088 and $0.0865 support levels. Finally, it found support near the $0.0850 zone.<\/p>\n

A low was formed near $0.0847 and the price is now rising. It broke a couple of hurdles near the $0.0850 level. There was a break above a key bearish trend line with resistance near $0.0850 on the 4-hour chart of the TRX\/USD pair.<\/p>\n

The pair is up over 2% and outperforming Bitcoin<\/a> and Ethereum<\/a>. It also cleared the 23.6% Fib retracement level of the downward move from the $0.0910 swing high to the $0.0847 low.<\/p>\n

TRX price is now trading above $0.0870 and the 100 simple moving average (4 hours). On the upside, an initial resistance is near the $0.0875 level and the 100 simple moving average (4 hours). The first major resistance is near $0.0880 or the 50% Fib retracement level of the downward move from the $0.0910 swing high to the $0.0847 low, above which the price could accelerate higher.<\/p>\n

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

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

The next resistance is near $0.091. A close above the $0.091 resistance might send TRX further higher toward $0.095. The next major resistance is near the $0.098 level, above which the bulls are likely to aim for a larger increase toward $0.100.<\/p>\n

Fresh Decline in TRX?<\/h2>\n

If TRX price fails to clear the $0.0875 resistance, it could start a downside correction. Initial support on the downside is near the $0.0862 zone.<\/p>\n

The first major support is near the $0.0850 level, below which it could test $0.0847. Any more losses might send Tron toward the $0.0830 support in the coming sessions.<\/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 $0.0862, $0.0850, and $0.0830.<\/p>\n

Major Resistance Levels \u2013 $0.0875, $0.0880, and $0.0910.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Tron price is gaining pace above $0.0865 against the US Dollar. TRX is outperforming Bitcoin and could rise further toward $0.091.<\/em><\/p>\n

Tron is moving higher above the $0.0865 resistance level against the US dollar.
\nThe price is trading above $0.0870 and the 100 simple moving average (4 hours).
\nThere was a break above a key bearish trend line with resistance near $0.0850 on the 4-hour chart of the TRX\/USD pair (data source from Kraken).
\nThe pair could continue to climb higher toward $0.0885 or even $0.091.<\/p>\n

Tron Price Aims Higher<\/h2>\n

After facing a rejection near $0.0910, Tron price started a downside correction. TRX declined below the $0.088 and $0.0865 support levels. Finally, it found support near the $0.0850 zone.<\/p>\n

A low was formed near $0.0847 and the price is now rising. It broke a couple of hurdles near the $0.0850 level. There was a break above a key bearish trend line with resistance near $0.0850 on the 4-hour chart of the TRX\/USD pair.<\/p>\n

The pair is up over 2% and outperforming Bitcoin<\/a> and Ethereum<\/a>. It also cleared the 23.6% Fib retracement level of the downward move from the $0.0910 swing high to the $0.0847 low.<\/p>\n

TRX price is now trading above $0.0870 and the 100 simple moving average (4 hours). On the upside, an initial resistance is near the $0.0875 level and the 100 simple moving average (4 hours). The first major resistance is near $0.0880 or the 50% Fib retracement level of the downward move from the $0.0910 swing high to the $0.0847 low, above which the price could accelerate higher.<\/p>\n

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

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

The next resistance is near $0.091. A close above the $0.091 resistance might send TRX further higher toward $0.095. The next major resistance is near the $0.098 level, above which the bulls are likely to aim for a larger increase toward $0.100.<\/p>\n

Fresh Decline in TRX?<\/h2>\n

If TRX price fails to clear the $0.0875 resistance, it could start a downside correction. Initial support on the downside is near the $0.0862 zone.<\/p>\n

The first major support is near the $0.0850 level, below which it could test $0.0847. Any more losses might send Tron toward the $0.0830 support in the coming sessions.<\/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 $0.0862, $0.0850, and $0.0830.<\/p>\n

Major Resistance Levels \u2013 $0.0875, $0.0880, and $0.0910.<\/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-31004","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\/31004","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=31004"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/31004\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=31004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=31004"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=31004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}