{"id":36307,"date":"2024-02-21T05:52:36","date_gmt":"2024-02-21T09:52:36","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=36307"},"modified":"2024-02-21T05:52:36","modified_gmt":"2024-02-21T09:52:36","slug":"tron-price-prediction-trx-silently-grinds-higher-0-18-next","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2024\/02\/21\/tron-price-prediction-trx-silently-grinds-higher-0-18-next\/","title":{"rendered":"Tron Price Prediction: TRX Silently Grinds Higher, $0.18 Next?"},"content":{"rendered":"

Tron price is gaining pace above the $0.120 resistance against the US Dollar. TRX is outperforming Bitcoin and could rise further above $0.140.<\/em><\/p>\n

Tron is moving higher above the $0.122 resistance level against the US dollar.
\nThe price is trading above $0.1350 and the 100 simple moving average (4 hours).
\nThere is a key bullish trend line forming with support at $0.1382 on the 4-hour chart of the TRX\/USD pair (data source from Kraken).
\nThe pair could continue to climb higher toward $0.165 or even $0.180.<\/p>\n

Tron Price Regains Strength<\/h2>\n

Recently, Bitcoin<\/a> and Ethereum<\/a> saw a decent increase and moved into a positive zone. Tron price also remained well-bid and it slowly moved higher above the $0.120 resistance zone.<\/p>\n

There was a steady increase above the $0.128 and $0.132 resistance levels. Finally, TRX traded to a new multi-week high at $0.1400 and is currently consolidating gains. It is trading above the 23.6% Fib retracement level of the upward move from the $0.1309 swing low to the $0.1400 high.<\/p>\n

Tron price is now trading above $0.1350 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $0.1382 on the 4-hour chart of the TRX\/USD pair.<\/p>\n

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

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

On the upside, an initial resistance is near the $0.1400 level. The first major resistance is near $0.1420, above which the price could accelerate higher. The next resistance is near $0.1650. A close above the $0.1650 resistance might send TRX further higher toward $0.1720. The next major resistance is near the $0.180 level, above which the bulls are likely to aim for a larger increase toward $0.20.<\/p>\n

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

If TRX price fails to clear the $0.140 resistance, it could start a downside correction. Initial support on the downside is near the $0.1380 zone and the trend line.<\/p>\n

The first major support is near the $0.1350 level or the 50% Fib retracement level of the upward move from the $0.1309 swing low to the $0.1400 high, below which it could test $0.1320. Any more losses might send Tron toward the $0.1250 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 $0.1380, $0.1350, and $0.1320.<\/p>\n

Major Resistance Levels \u2013 $0.140, $0.1650, and $0.180.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Tron price is gaining pace above the $0.120 resistance against the US Dollar. TRX is outperforming Bitcoin and could rise further above $0.140.<\/em><\/p>\n

Tron is moving higher above the $0.122 resistance level against the US dollar.
\nThe price is trading above $0.1350 and the 100 simple moving average (4 hours).
\nThere is a key bullish trend line forming with support at $0.1382 on the 4-hour chart of the TRX\/USD pair (data source from Kraken).
\nThe pair could continue to climb higher toward $0.165 or even $0.180.<\/p>\n

Tron Price Regains Strength<\/h2>\n

Recently, Bitcoin<\/a> and Ethereum<\/a> saw a decent increase and moved into a positive zone. Tron price also remained well-bid and it slowly moved higher above the $0.120 resistance zone.<\/p>\n

There was a steady increase above the $0.128 and $0.132 resistance levels. Finally, TRX traded to a new multi-week high at $0.1400 and is currently consolidating gains. It is trading above the 23.6% Fib retracement level of the upward move from the $0.1309 swing low to the $0.1400 high.<\/p>\n

Tron price is now trading above $0.1350 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $0.1382 on the 4-hour chart of the TRX\/USD pair.<\/p>\n

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

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

On the upside, an initial resistance is near the $0.1400 level. The first major resistance is near $0.1420, above which the price could accelerate higher. The next resistance is near $0.1650. A close above the $0.1650 resistance might send TRX further higher toward $0.1720. The next major resistance is near the $0.180 level, above which the bulls are likely to aim for a larger increase toward $0.20.<\/p>\n

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

If TRX price fails to clear the $0.140 resistance, it could start a downside correction. Initial support on the downside is near the $0.1380 zone and the trend line.<\/p>\n

The first major support is near the $0.1350 level or the 50% Fib retracement level of the upward move from the $0.1309 swing low to the $0.1400 high, below which it could test $0.1320. Any more losses might send Tron toward the $0.1250 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 $0.1380, $0.1350, and $0.1320.<\/p>\n

Major Resistance Levels \u2013 $0.140, $0.1650, and $0.180.<\/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-36307","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\/36307","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=36307"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/36307\/revisions"}],"predecessor-version":[{"id":36314,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/36307\/revisions\/36314"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=36307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=36307"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=36307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}