TRXUSD on TradingView.com<\/a><\/figcaption><\/figure>\nThe first major resistance is near $0.1332, above which the price could accelerate higher. The next resistance is near $0.1350. A close above the $0.1350 resistance might send TRX further higher toward $0.1400. The next major resistance is near the $0.1420 level, above which the bulls are likely to aim for a larger increase toward $0.1450 in the near term.<\/p>\n
Are Dips Supported in TRX?<\/h2>\n If TRX price fails to clear the $0.1320 resistance, it could start a downside correction. Initial support on the downside is near the $0.1300 zone and the trend line.<\/p>\n
The first major support is near the $0.1285 level or the 50% Fib retracement level of the upward move from the $0.1256 swing low to the $0.1314 high, below which it could test $0.1280. Any more losses might send Tron toward the $0.1265 support in the coming sessions.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for TRX\/USD is gaining momentum in the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for TRX\/USD is currently above the 50 level.<\/p>\n
Major Support Levels \u2013 $0.1300 and $0.1285.<\/p>\n
Major Resistance Levels \u2013 $0.1320 and $0.1350.<\/p>\n","protected":false},"excerpt":{"rendered":"
Tron price is rising from the $0.1250 zone against the US Dollar. TRX is outperforming Bitcoin and could rise further above $0.1320. Tron is moving higher above the $0.1280 resistance level against the US dollar. The price is trading above $0.130 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.1305 on the hourly chart of the TRX\/USD pair (data source from Kraken). The pair could continue to climb higher toward $0.1335 or even $0.1350. Tron Price Eyes More Upsides Recently, Bitcoin and Ethereum saw a fresh decline below $60,000 and $2,700 respectively. However, Tron price remained stable above the $0.1250 support and climbed higher. There was a decent move above the $0.1300 resistance zone. TRX price even tested the $0.1315 level. A high is formed at $0.1314 and the price is showing signs of more upsides. There is also a key bullish trend line forming with support at $0.1305 on the hourly chart of the TRX\/USD pair. The trend line is close to the 23.6% Fib retracement level of the upward move from the $0.1256 swing low to the $0.1314 high. The price is now trading above $0.1300 and the 100-hourly simple moving average. On the upside, an initial resistance is near the $0.1320 level The first major resistance is near $0.1332, above which the price could accelerate higher. The next resistance is near $0.1350. A close above the $0.1350 resistance might send TRX further higher toward $0.1400. The next major resistance is near the $0.1420 level, above which the bulls are likely to aim for a larger increase toward $0.1450 in the near term. Are Dips Supported in TRX? If TRX price fails to clear the $0.1320 resistance, it could start a downside correction. Initial support on the downside is near the $0.1300 zone and the trend line. The first major support is near the $0.1285 level or the 50% Fib retracement level of the upward move from the $0.1256 swing low to the $0.1314 high, below which it could test $0.1280. Any more losses might send Tron toward the $0.1265 support in the coming sessions. Technical Indicators Hourly MACD \u2013 The MACD for TRX\/USD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for TRX\/USD is currently above the 50 level. Major Support Levels \u2013 $0.1300 and $0.1285. Major Resistance Levels \u2013 $0.1320 and $0.1350.<\/p>\n","protected":false},"author":67,"featured_media":635572,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[14463,11993,16505,87822],"class_list":["post-635570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all","tag-tron-price","tag-trx","tag-trx-usd","tag-trx-usdt"],"acf":[],"yoast_head":"\n
Tron Price Outshines Bitcoin: Can TRX Keep Momentum and Rise?<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n