{"id":555477,"date":"2023-10-16T05:28:44","date_gmt":"2023-10-16T05:28:44","guid":{"rendered":"https:\/\/wncen.com\/?p=555477"},"modified":"2024-06-11T14:30:08","modified_gmt":"2024-06-11T14:30:08","slug":"tron-price-prediction-trx-bulls-0-091","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/tron-trx\/tron-price-prediction-trx-bulls-0-091\/","title":{"rendered":"Tron Price Prediction: TRX May Have Another Chance For A Bullish Streak"},"content":{"rendered":"<p><em>Tron price is gaining pace above $0.0865 against the US Dollar. TRX is outperforming Bitcoin and could rise further toward $0.091.<\/em><\/p>\n<ul>\n<li>Tron is moving higher above the $0.0865 resistance level against the US dollar.<\/li>\n<li>The price is trading above $0.0870 and the 100 simple moving average (4 hours).<\/li>\n<li>There was a break above a key bearish trend line with resistance near $0.0850 on the 4-hour chart of the TRX\/USD pair (data source from Kraken).<\/li>\n<li>The pair could continue to climb higher toward $0.0885 or even $0.091.<\/li>\n<\/ul>\n<h2>Tron Price Aims Higher<\/h2>\n<p>After facing a rejection near $0.0910, Tron price started a downside correction. TRX declined below the $0.088 and $0.0865 support levels. Finally, it found support near the $0.0850 zone.<\/p>\n<p>A low was formed near $0.0847 and the price is now rising. It broke a couple of hurdles near the $0.0850 level. There was a break above a key bearish trend line with resistance near $0.0850 on the 4-hour chart of the TRX\/USD pair.<\/p>\n<p>The pair is up over 2% and outperforming <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-correction-27500-2\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-avoids-collapse-1520\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. It also cleared the 23.6% Fib retracement level of the downward move from the $0.0910 swing high to the $0.0847 low.<\/p>\n<p>TRX price is now trading above $0.0870 and the 100 simple moving average (4 hours). On the upside, an initial resistance is near the $0.0875 level and the 100 simple moving average (4 hours). The first major resistance is near $0.0880 or the 50% Fib retracement level of the downward move from the $0.0910 swing high to the $0.0847 low, above which the price could accelerate higher.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Tron-TRX.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-555478\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Tron-TRX.png?resize=1024%2C468\" alt=\"Tron Price Prediction\" width=\"1024\" height=\"468\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Tron-TRX.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Tron-TRX.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Tron-TRX.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Tron-TRX.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Tron-TRX.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Tron-TRX.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Tron-TRX.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/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 next resistance is near $0.091. A close above the $0.091 resistance might send TRX further higher toward $0.095. The next major resistance is near the $0.098 level, above which the bulls are likely to aim for a larger increase toward $0.100.<\/p>\n<h2>Fresh Decline in TRX?<\/h2>\n<p>If TRX price fails to clear the $0.0875 resistance, it could start a downside correction. Initial support on the downside is near the $0.0862 zone.<\/p>\n<p>The first major support is near the $0.0850 level, below which it could test $0.0847. Any more losses might send Tron toward the $0.0830 support in the coming sessions.<\/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 $0.0862, $0.0850, and $0.0830.<\/p>\n<p>Major Resistance Levels \u2013 $0.0875, $0.0880, and $0.0910.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tron price is gaining pace above $0.0865 against the US Dollar. TRX is outperforming Bitcoin and could rise further toward $0.091. Tron is moving higher above the $0.0865 resistance level against the US dollar. The price is trading above $0.0870 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.0850 on the 4-hour chart of the TRX\/USD pair (data source from Kraken). The pair could continue to climb higher toward $0.0885 or even $0.091. Tron Price Aims Higher After facing a rejection near $0.0910, Tron price started a downside correction. TRX declined below the $0.088 and $0.0865 support levels. Finally, it found support near the $0.0850 zone. A low was formed near $0.0847 and the price is now rising. It broke a couple of hurdles near the $0.0850 level. There was a break above a key bearish trend line with resistance near $0.0850 on the 4-hour chart of the TRX\/USD pair. The pair is up over 2% and outperforming Bitcoin and Ethereum. It also cleared the 23.6% Fib retracement level of the downward move from the $0.0910 swing high to the $0.0847 low. TRX price is now trading above $0.0870 and the 100 simple moving average (4 hours). On the upside, an initial resistance is near the $0.0875 level and the 100 simple moving average (4 hours). The first major resistance is near $0.0880 or the 50% Fib retracement level of the downward move from the $0.0910 swing high to the $0.0847 low, above which the price could accelerate higher. Source: TRXUSD on TradingView.com The next resistance is near $0.091. A close above the $0.091 resistance might send TRX further higher toward $0.095. The next major resistance is near the $0.098 level, above which the bulls are likely to aim for a larger increase toward $0.100. Fresh Decline in TRX? If TRX price fails to clear the $0.0875 resistance, it could start a downside correction. Initial support on the downside is near the $0.0862 zone. The first major support is near the $0.0850 level, below which it could test $0.0847. Any more losses might send Tron toward the $0.0830 support in the coming sessions. 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 $0.0862, $0.0850, and $0.0830. Major Resistance Levels \u2013 $0.0875, $0.0880, and $0.0910.<\/p>\n","protected":false},"author":67,"featured_media":435191,"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":[14463,11993,16505,87822],"class_list":["post-555477","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tron-trx","tag-tron-price","tag-trx","tag-trx-usd","tag-trx-usdt"],"acf":[],"yoast_head":"\n<title>Tron Price Prediction: TRX May Have Another Chance For A Bullish Streak<\/title>\n<meta name=\"description\" content=\"Tron price is gaining pace above $0.0865 against the US Dollar. 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