TRXUSD on TradingView.com<\/a><\/figcaption><\/figure>\nOn the upside, an initial resistance is near the $0.160 level. The first major resistance is near $0.1620, above which the price could accelerate higher. The next resistance is $0.1650. A close above the $0.1650 resistance might send TRX further higher toward $0.1685. The next major resistance is near the $0.1700 level, above which the bulls are likely to aim for a larger increase toward $0.1720 in the near term.<\/p>\n
Are Dips Supported in TRX?<\/h2>\n If TRX price fails to clear the $0.1600 resistance, it could start a downside correction. Initial support on the downside is near the $0.1585 zone and the trend line.<\/p>\n
The first major support is near the $0.1570 level, below which it could test $0.1550. Any more losses might send Tron toward the $0.1520 support in the coming sessions.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for TRX\/USD is losing momentum in the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for TRX\/USD is currently below the 50 level.<\/p>\n
Major Support Levels \u2013 $0.1585 and $0.1570.<\/p>\n
Major Resistance Levels \u2013 $0.1600 and $0.1620.<\/p>\n","protected":false},"excerpt":{"rendered":"
Tron price is holding gains above the $0.1560 zone against the US Dollar. TRX is outperforming Bitcoin and could start a fresh increase above $0.1600. Tron is stable and holding gains above $0.1560 against the US dollar. The price is trading below $0.1580 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.1585 on the hourly chart of the TRX\/USD pair (data source from Kraken). The pair could continue to climb higher toward $0.1620 or even $0.1650. Tron Price Remains Supported Recently, Bitcoin and Ethereum saw a fresh decline below $62,000 and $2,400 respectively. However, Tron price remained stable above the $0.1560 support. The price climbed higher above the $0.160 resistance level. A high was formed at $0.1618 and recently there was a downside correction. The price dipped below the $0.1600 level. There was a move below the 23.6% Fib retracement level of the upward move from the $0.1555 swing low to the $0.1618 high. TRX price is now trading above $0.1580 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $0.1585 on the hourly chart of the TRX\/USD pair. The trend line is close to the 50% Fib retracement level of the upward move from the $0.1555 swing low to the $0.1618 high. On the upside, an initial resistance is near the $0.160 level. The first major resistance is near $0.1620, above which the price could accelerate higher. The next resistance is $0.1650. A close above the $0.1650 resistance might send TRX further higher toward $0.1685. The next major resistance is near the $0.1700 level, above which the bulls are likely to aim for a larger increase toward $0.1720 in the near term. Are Dips Supported in TRX? If TRX price fails to clear the $0.1600 resistance, it could start a downside correction. Initial support on the downside is near the $0.1585 zone and the trend line. The first major support is near the $0.1570 level, below which it could test $0.1550. Any more losses might send Tron toward the $0.1520 support in the coming sessions. Technical Indicators Hourly MACD \u2013 The MACD for TRX\/USD is losing momentum in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for TRX\/USD is currently below the 50 level. Major Support Levels \u2013 $0.1585 and $0.1570. Major Resistance Levels \u2013 $0.1600 and $0.1620.<\/p>\n","protected":false},"author":67,"featured_media":647251,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[14463,11993,16505,87822],"class_list":["post-647249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-tron-price","tag-trx","tag-trx-usd","tag-trx-usdt"],"acf":[],"yoast_head":"\n
Tron (TRX) Holds Green as Markets Fall: Can It Keep Going?<\/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