{"id":34748,"date":"2024-01-04T06:53:55","date_gmt":"2024-01-04T10:53:55","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=34748"},"modified":"2024-01-04T06:53:55","modified_gmt":"2024-01-04T10:53:55","slug":"tron-price-prediction-trx-could-outperform-bitcoin-and-surge-10","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2024\/01\/04\/tron-price-prediction-trx-could-outperform-bitcoin-and-surge-10\/","title":{"rendered":"Tron Price Prediction: TRX Could Outperform Bitcoin And Surge 10%"},"content":{"rendered":"

Tron price is holding gains above the $0.1050 support against the US Dollar. TRX is outperforming Bitcoin and could rise further above $0.1105.<\/em><\/p>\n

Tron is moving higher above the $0.1050 resistance level against the US dollar.
\nThe price is trading above $0.1065 and the 100 simple moving average (4 hours).
\nThere is a key rising channel forming with support at $0.1052 on the 4-hour chart of the TRX\/USD pair (data source from Kraken).
\nThe pair could continue to climb higher toward $0.1105 or even $0.1200.<\/p>\n

Tron Price Regains Strength<\/h2>\n

Recently, Bitcoin<\/a> and Ethereum<\/a> saw a major drop below $43,500 and $2,200. However, Tron price remained stable above the $0.1000 support. TRX formed a base above $0.1020 and started a fresh increase.<\/p>\n

There was a move above the $0.1050 and $0.1055 resistance levels. The bulls pushed it above the 50% Fib retracement level of the downward move from the $0.1059 swing high to the $0.1028 low. TRX is now trading above $0.1065 and the 100 simple moving average (4 hours).<\/p>\n

There is also a key rising channel forming with support at $0.1052 on the 4-hour chart of the TRX\/USD pair. The current price action suggests more upsides.<\/p>\n

On the upside, an initial resistance is near the $0.1088 level. It is near the 76.4% Fib retracement level of the downward move from the $0.1059 swing high to the $0.1028 low. The first major resistance is near $0.1105, 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 $0.1150. A close above the $0.1150 resistance might send TRX further higher toward $0.1200. The next major resistance is near the $0.1124 level, above which the bulls are likely to aim for a larger increase toward $0.1320.<\/p>\n

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

If TRX price fails to clear the $0.1105 resistance, it could start a downside correction. Initial support on the downside is near the $0.1065 zone.<\/p>\n

The first major support is near the $0.1050 level or the trend line, below which it could test $0.1020. Any more losses might send Tron toward the $0.0975 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 $0.1065, $0.1050, and $0.0975.<\/p>\n

Major Resistance Levels \u2013 $0.1088, $0.1105, and $0.1150.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Tron price is holding gains above the $0.1050 support against the US Dollar. TRX is outperforming Bitcoin and could rise further above $0.1105.<\/em><\/p>\n

Tron is moving higher above the $0.1050 resistance level against the US dollar.
\nThe price is trading above $0.1065 and the 100 simple moving average (4 hours).
\nThere is a key rising channel forming with support at $0.1052 on the 4-hour chart of the TRX\/USD pair (data source from Kraken).
\nThe pair could continue to climb higher toward $0.1105 or even $0.1200.<\/p>\n

Tron Price Regains Strength<\/h2>\n

Recently, Bitcoin<\/a> and Ethereum<\/a> saw a major drop below $43,500 and $2,200. However, Tron price remained stable above the $0.1000 support. TRX formed a base above $0.1020 and started a fresh increase.<\/p>\n

There was a move above the $0.1050 and $0.1055 resistance levels. The bulls pushed it above the 50% Fib retracement level of the downward move from the $0.1059 swing high to the $0.1028 low. TRX is now trading above $0.1065 and the 100 simple moving average (4 hours).<\/p>\n

There is also a key rising channel forming with support at $0.1052 on the 4-hour chart of the TRX\/USD pair. The current price action suggests more upsides.<\/p>\n

On the upside, an initial resistance is near the $0.1088 level. It is near the 76.4% Fib retracement level of the downward move from the $0.1059 swing high to the $0.1028 low. The first major resistance is near $0.1105, 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 $0.1150. A close above the $0.1150 resistance might send TRX further higher toward $0.1200. The next major resistance is near the $0.1124 level, above which the bulls are likely to aim for a larger increase toward $0.1320.<\/p>\n

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

If TRX price fails to clear the $0.1105 resistance, it could start a downside correction. Initial support on the downside is near the $0.1065 zone.<\/p>\n

The first major support is near the $0.1050 level or the trend line, below which it could test $0.1020. Any more losses might send Tron toward the $0.0975 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 $0.1065, $0.1050, and $0.0975.<\/p>\n

Major Resistance Levels \u2013 $0.1088, $0.1105, and $0.1150.<\/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-34748","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\/34748","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=34748"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34748\/revisions"}],"predecessor-version":[{"id":34756,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/34748\/revisions\/34756"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=34748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=34748"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=34748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}