{"id":572724,"date":"2024-02-01T12:58:39","date_gmt":"2024-02-01T12:58:39","guid":{"rendered":"https:\/\/wncen.com\/?p=572724"},"modified":"2024-06-11T12:49:21","modified_gmt":"2024-06-11T12:49:21","slug":"tron-price-prediction-trx-to-0-12","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/tron-trx\/tron-price-prediction-trx-to-0-12\/","title":{"rendered":"Tron Price Prediction: TRX Looks Set For A Bullish Streak To $0.12"},"content":{"rendered":"<p><em>Tron price is eyeing a fresh increase from the $0.1112 support against the US Dollar. TRX is outperforming Bitcoin and could rise further above $0.1140.<\/em><\/p>\n<ul>\n<li>Tron is moving higher above the $0.1120 resistance level against the US dollar.<\/li>\n<li>The price is trading above $0.1125 and the 100 simple moving average (4 hours).<\/li>\n<li>There was a break above a key contracting triangle with resistance at $0.1126 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 $0.1165 or even $0.1200.<\/li>\n<\/ul>\n<h2>Tron Price Restarts Increase<\/h2>\n<p>Recently, <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-decline-41800\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-topside-vulnerable-2350\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a> saw a major rejection. However, Tron price remained stable above the $0.1100 support. Earlier, there was a steady increase toward the $0.1165 level before TRX started a downside correction.<\/p>\n<p>There was a move below the $0.1150 level. The price declined below the 23.6% Fib retracement level of the upward move from the $0.1059 swing low to the $0.1165 high. The bulls are now protecting the $0.1125 support zone and the 100 simple moving average (4 hours).<\/p>\n<p>Tron is now moving higher and trading above $0.1120. There was a break above a key contracting triangle with resistance at $0.1126 on the 4-hour chart of the TRX\/USD pair.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Tron-TRX.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-572725\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Tron-TRX.png?resize=1024%2C461\" alt=\"Tron Price Prediction\" width=\"1024\" height=\"461\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Tron-TRX.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Tron-TRX.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Tron-TRX.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Tron-TRX.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Tron-TRX.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/Tron-TRX.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/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>On the upside, an initial resistance is near the $0.1140 level. The first major resistance is near $0.1150, above which the price could accelerate higher. The next resistance is near $0.1165. A close above the $0.1165 resistance might send TRX further higher toward $0.1200. The next major resistance is near the $0.1125 level, above which the bulls are likely to aim for a larger increase toward $0.1300.<\/p>\n<h2>Are Dips Supported in TRX?<\/h2>\n<p>If TRX price fails to clear the $0.1140 resistance, it could start a downside correction. Initial support on the downside is near the $0.1120 zone.<\/p>\n<p>The first major support is near the $0.1100 level or the 50% Fib retracement level of the upward move from the $0.1059 swing low to the $0.1165 high, below which it could test $0.1085. Any more losses might send Tron toward the $0.1050 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 $0.1100, $0.1085, and $0.1050.<\/p>\n<p>Major Resistance Levels \u2013 $0.1140, $0.1165, and $0.1200.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tron price is eyeing a fresh increase from the $0.1112 support against the US Dollar. TRX is outperforming Bitcoin and could rise further above $0.1140. Tron is moving higher above the $0.1120 resistance level against the US dollar. The price is trading above $0.1125 and the 100 simple moving average (4 hours). There was a break above a key contracting triangle with resistance at $0.1126 on the 4-hour chart of the TRX\/USD pair (data source from Kraken). The pair could continue to climb higher toward $0.1165 or even $0.1200. Tron Price Restarts Increase Recently, Bitcoin and Ethereum saw a major rejection. However, Tron price remained stable above the $0.1100 support. Earlier, there was a steady increase toward the $0.1165 level before TRX started a downside correction. There was a move below the $0.1150 level. The price declined below the 23.6% Fib retracement level of the upward move from the $0.1059 swing low to the $0.1165 high. The bulls are now protecting the $0.1125 support zone and the 100 simple moving average (4 hours). Tron is now moving higher and trading above $0.1120. There was a break above a key contracting triangle with resistance at $0.1126 on the 4-hour chart of the TRX\/USD pair. Source: TRXUSD on TradingView.com On the upside, an initial resistance is near the $0.1140 level. The first major resistance is near $0.1150, above which the price could accelerate higher. The next resistance is near $0.1165. A close above the $0.1165 resistance might send TRX further higher toward $0.1200. The next major resistance is near the $0.1125 level, above which the bulls are likely to aim for a larger increase toward $0.1300. Are Dips Supported in TRX? If TRX price fails to clear the $0.1140 resistance, it could start a downside correction. Initial support on the downside is near the $0.1120 zone. The first major support is near the $0.1100 level or the 50% Fib retracement level of the upward move from the $0.1059 swing low to the $0.1165 high, below which it could test $0.1085. Any more losses might send Tron toward the $0.1050 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 $0.1100, $0.1085, and $0.1050. Major Resistance Levels \u2013 $0.1140, $0.1165, and $0.1200.<\/p>\n","protected":false},"author":67,"featured_media":382322,"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-572724","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 Looks Set For A Bullish Streak To $0.12<\/title>\n<meta name=\"description\" content=\"Tron price is eyeing a fresh increase from the $0.1112 support against the US Dollar. 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