{"id":544379,"date":"2023-07-26T05:43:40","date_gmt":"2023-07-26T05:43:40","guid":{"rendered":"https:\/\/wncen.com\/?p=544379"},"modified":"2024-06-11T12:46:50","modified_gmt":"2024-06-11T12:46:50","slug":"tron-price-prediction-trx-support-0-080","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/tron-trx\/tron-price-prediction-trx-support-0-080\/","title":{"rendered":"Tron Price Prediction: TRX Trades Near Key Juncture, Can It Rally Again?"},"content":{"rendered":"<p><em>Tron price is consolidating near the $0.080 support against the US Dollar. TRX could outperform Bitcoin if the bulls stay active above $0.080.<\/em><\/p>\n<ul>\n<li>Tron is holding major support near $0.080 against the US dollar.<\/li>\n<li>The price is trading above $0.0805 and the 100 simple moving average (4 hours).<\/li>\n<li>There is a crucial bullish trend line forming with support near $0.0810 on the 4-hour chart of the TRX\/USD pair (data source from Kraken).<\/li>\n<li>The pair could start a decent increase if there is a move above the $0.0835 resistance.<\/li>\n<\/ul>\n<h2>Tron Price Holds Key Support<\/h2>\n<p>In the past few days, Tron\u2019s price saw a steady decline from the $0.094 zone against the US Dollar, similar to <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-bears-30000\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-declines-1830\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. TRX traded below the $0.0850 support to enter a short-term bearish zone.<\/p>\n<p>The price even declined below the $0.0835 support, but the bulls were active near the $0.080 level. A low is formed near $0.0804 and the price is now consolidating losses. TRX is now trading above $0.0805 and the 100 simple moving average (4 hours).<\/p>\n<p>There is also a crucial bullish trend line forming with support near $0.0810 on the 4-hour chart of the TRX\/USD pair. On the upside, an initial resistance is near the $0.0835 zone. It is close to the 23.6% Fib retracement level of the downward move from the $0.0939 swing high to the $0.0804 low.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-544380\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Tron-TRX.png?resize=1835%2C845\" alt=\"Tron Price Prediction\" width=\"1835\" height=\"845\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Tron-TRX.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Tron-TRX.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Tron-TRX.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Tron-TRX.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Tron-TRX.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Tron-TRX.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Tron-TRX.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/TRXUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">TRXUSD on TradingView.com<\/a><\/p>\n<p>A close above the $0.0835 resistance might send TRX further higher. The next major resistance is near the $0.0872 level or the 50% Fib retracement level of the downward move from the $0.0939 swing high to the $0.0804 low, above which the bulls are likely to aim a larger increase toward the key $0.0900 zone in the coming days. Any more gains could set the pace for a move toward the $0.094 level.<\/p>\n<h2>More Downsides in TRX?<\/h2>\n<p>If TRX price fails to clear the $0.08350 resistance, it could extend its decline. Initial support on the downside is near the $0.0810 zone and the trend line.<\/p>\n<p>The first major support is near the $0.080 level or the 100 simple moving average (4 hours), below which the price could accelerate lower. The next major support is $0.0760.<\/p>\n<p>Technical Indicators<\/p>\n<p>4 hours MACD \u2013 The MACD for TRX\/USD is losing momentum in the bearish zone.<\/p>\n<p>4 hours RSI (Relative Strength Index) \u2013 The RSI for TRX\/USD is currently near the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.0810, $0.0800, and $0.0760.<\/p>\n<p>Major Resistance Levels \u2013 $0.0835, $0.0872, and $0.090.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tron price is consolidating near the $0.080 support against the US Dollar. TRX could outperform Bitcoin if the bulls stay active above $0.080. Tron is holding major support near $0.080 against the US dollar. The price is trading above $0.0805 and the 100 simple moving average (4 hours). There is a crucial bullish trend line forming with support near $0.0810 on the 4-hour chart of the TRX\/USD pair (data source from Kraken). The pair could start a decent increase if there is a move above the $0.0835 resistance. Tron Price Holds Key Support In the past few days, Tron\u2019s price saw a steady decline from the $0.094 zone against the US Dollar, similar to Bitcoin and Ethereum. TRX traded below the $0.0850 support to enter a short-term bearish zone. The price even declined below the $0.0835 support, but the bulls were active near the $0.080 level. A low is formed near $0.0804 and the price is now consolidating losses. TRX is now trading above $0.0805 and the 100 simple moving average (4 hours). There is also a crucial bullish trend line forming with support near $0.0810 on the 4-hour chart of the TRX\/USD pair. On the upside, an initial resistance is near the $0.0835 zone. It is close to the 23.6% Fib retracement level of the downward move from the $0.0939 swing high to the $0.0804 low. Source: TRXUSD on TradingView.com A close above the $0.0835 resistance might send TRX further higher. The next major resistance is near the $0.0872 level or the 50% Fib retracement level of the downward move from the $0.0939 swing high to the $0.0804 low, above which the bulls are likely to aim a larger increase toward the key $0.0900 zone in the coming days. Any more gains could set the pace for a move toward the $0.094 level. More Downsides in TRX? If TRX price fails to clear the $0.08350 resistance, it could extend its decline. Initial support on the downside is near the $0.0810 zone and the trend line. The first major support is near the $0.080 level or the 100 simple moving average (4 hours), below which the price could accelerate lower. The next major support is $0.0760. Technical Indicators 4 hours MACD \u2013 The MACD for TRX\/USD is losing momentum in the bearish zone. 4 hours RSI (Relative Strength Index) \u2013 The RSI for TRX\/USD is currently near the 50 level. Major Support Levels \u2013 $0.0810, $0.0800, and $0.0760. Major Resistance Levels \u2013 $0.0835, $0.0872, and $0.090.<\/p>\n","protected":false},"author":67,"featured_media":394314,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83383],"tags":[11808,14463,87837,79513,87838,16505,87822,14262],"class_list":["post-544379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tron-trx","tag-tron","tag-tron-price","tag-tron-trx-analysis","tag-trx-btc","tag-trx-price-prediction","tag-trx-usd","tag-trx-usdt","tag-trxusd"],"acf":[],"yoast_head":"\n<title>Tron Price Prediction: TRX Trades Near Key Juncture, Can It Rally Again?<\/title>\n<meta name=\"description\" content=\"Tron price is consolidating near the $0.080 support against the US Dollar. 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