{"id":549677,"date":"2023-09-01T04:48:28","date_gmt":"2023-09-01T04:48:28","guid":{"rendered":"https:\/\/wncen.com\/?p=549677"},"modified":"2024-06-11T14:28:55","modified_gmt":"2024-06-11T14:28:55","slug":"tron-price-prediction-trx-bullish-0-078","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/tron-trx\/tron-price-prediction-trx-bullish-0-078\/","title":{"rendered":"Tron Price Prediction: TRX Eyes Bullish Break While Bitcoin and ETH Struggle"},"content":{"rendered":"<p><em>Tron price is rising and trading above $0.0750 against the US Dollar. TRX is outperforming Bitcoin and could rally further above the $0.0780 resistance.<\/em><\/p>\n<ul>\n<li>Tron is moving higher from the $0.0738 support zone against the US dollar.<\/li>\n<li>The price is trading above $0.0750 and the 100 simple moving average (4 hours).<\/li>\n<li>There is a crucial contracting triangle forming with resistance near $0.0775 on the 4-hour chart of the TRX\/USD pair (data source from Kraken).<\/li>\n<li>The pair could continue to climb higher if it breaks $0.0775 and $0.0780.<\/li>\n<\/ul>\n<h2>Tron Price Remains Supported<\/h2>\n<p>This past week, Tron\u2019s price saw a rejection pattern near the $0.0780 resistance against the US Dollar. TRX made a couple of attempts to clear $0.0775 and $0.0780 but failed.<\/p>\n<p>There was a downside correction below the $0.0765 level. The price declined below the 23.6% Fib retracement level of the upward move from the $0.0713 swing low to the $0.0778 high. However, the bulls were active near the $0.0750 support.<\/p>\n<p>TRX stayed above the 50% Fib retracement level of the upward move from the $0.0713 swing low to the $0.0778 high. The price is now trading above $0.0750 and the 100 simple moving average (4 hours).<\/p>\n<p>It is showing positive signs and outperforming both <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-bearish-26750\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-faces-rejection-1750\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. On the upside, an initial resistance is near the $0.0775 level. Besides, there is a crucial contracting triangle forming with resistance near $0.0775 on the 4-hour chart of the TRX\/USD pair.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-549678\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Tron-TRX.png?resize=1024%2C468\" alt=\"Tron Price Prediction\" width=\"1024\" height=\"468\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Tron-TRX.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Tron-TRX.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Tron-TRX.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Tron-TRX.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Tron-TRX.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Tron-TRX.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/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>The first major resistance is near $0.0780, above which the price could start a fresh increase. The next resistance is near $0.080. A close above the $0.0800 resistance might send TRX further higher. The next major resistance is near the $0.0832 level, above which the bulls are likely to aim a larger increase toward the key $0.0880 zone in the coming days.<\/p>\n<h2>Are Dips Supported in TRX?<\/h2>\n<p>If TRX price fails to clear the $0.0780 resistance, it could start a downside correction. Initial support on the downside is near the $0.0760 zone and the 100 SMA.<\/p>\n<p>The first major support is near the $0.0750 level, below which the price could accelerate lower. The next major support is $0.0715.<\/p>\n<p>Technical Indicators<\/p>\n<p>4 hours MACD \u2013 The MACD for TRX\/USD is gaining momentum in the bullish zone.<\/p>\n<p>4 hours RSI (Relative Strength Index) \u2013 The RSI for TRX\/USD is currently above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.0760, $0.0750, and $0.0715.<\/p>\n<p>Major Resistance Levels \u2013 $0.0780, $0.0800, and $0.0832.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tron price is rising and trading above $0.0750 against the US Dollar. TRX is outperforming Bitcoin and could rally further above the $0.0780 resistance. Tron is moving higher from the $0.0738 support zone against the US dollar. The price is trading above $0.0750 and the 100 simple moving average (4 hours). There is a crucial contracting triangle forming with resistance near $0.0775 on the 4-hour chart of the TRX\/USD pair (data source from Kraken). The pair could continue to climb higher if it breaks $0.0775 and $0.0780. Tron Price Remains Supported This past week, Tron\u2019s price saw a rejection pattern near the $0.0780 resistance against the US Dollar. TRX made a couple of attempts to clear $0.0775 and $0.0780 but failed. There was a downside correction below the $0.0765 level. The price declined below the 23.6% Fib retracement level of the upward move from the $0.0713 swing low to the $0.0778 high. However, the bulls were active near the $0.0750 support. TRX stayed above the 50% Fib retracement level of the upward move from the $0.0713 swing low to the $0.0778 high. The price is now trading above $0.0750 and the 100 simple moving average (4 hours). It is showing positive signs and outperforming both Bitcoin and Ethereum. On the upside, an initial resistance is near the $0.0775 level. Besides, there is a crucial contracting triangle forming with resistance near $0.0775 on the 4-hour chart of the TRX\/USD pair. Source: TRXUSD on TradingView.com The first major resistance is near $0.0780, above which the price could start a fresh increase. The next resistance is near $0.080. A close above the $0.0800 resistance might send TRX further higher. The next major resistance is near the $0.0832 level, above which the bulls are likely to aim a larger increase toward the key $0.0880 zone in the coming days. Are Dips Supported in TRX? If TRX price fails to clear the $0.0780 resistance, it could start a downside correction. Initial support on the downside is near the $0.0760 zone and the 100 SMA. The first major support is near the $0.0750 level, below which the price could accelerate lower. The next major support is $0.0715. Technical Indicators 4 hours MACD \u2013 The MACD for TRX\/USD is gaining momentum in the bullish zone. 4 hours RSI (Relative Strength Index) \u2013 The RSI for TRX\/USD is currently above the 50 level. Major Support Levels \u2013 $0.0760, $0.0750, and $0.0715. Major Resistance Levels \u2013 $0.0780, $0.0800, and $0.0832.<\/p>\n","protected":false},"author":67,"featured_media":429661,"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-549677","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 Eyes Bullish Break While Bitcoin and ETH Struggle<\/title>\n<meta name=\"description\" content=\"Tron price is rising and trading above $0.0750 against the US Dollar. 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