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Tron (TRX) Price Analysis: Rally Could Extend above $0.08

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Earn Your First Bitcoin Sign up and get Bonus Referral bonus up to ,000 Sign up Tron price started a fresh increase from the %excerpt%.0710 level against the US Dollar. TRX price is now trading above %excerpt%.0765 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near %excerpt%.0742 on the 4-hours chart (data feed via Kraken). The pair could continue to move up if it breaks the %excerpt%.0795 resistance zone. TRON price started a fresh increase above %excerpt%.0750 against the US Dollar, outpacing Bitcoin. TRX’s price could rise further if it clears the %excerpt%.0795 resistance. Tron Price Analysis In the past few sessions, Tron price started a decent increase from the

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Tron (TRX) Price Analysis: Rally Could Extend above $0.08

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  • Tron price started a fresh increase from the $0.0710 level against the US Dollar.
  • TRX price is now trading above $0.0765 and the 55 simple moving average (4 hours).
  • There is a major bullish trend line forming with support near $0.0742 on the 4-hours chart (data feed via Kraken).
  • The pair could continue to move up if it breaks the $0.0795 resistance zone.

TRON price started a fresh increase above $0.0750 against the US Dollar, outpacing Bitcoin. TRX’s price could rise further if it clears the $0.0795 resistance.

Tron Price Analysis

In the past few sessions, Tron price started a decent increase from the $0.0710 support zone against the US Dollar. TRX’s price remained well-bid and was able to climb above the $0.0750 zone.

It traded above the $0.0765 and $0.0782 levels to move further into a positive zone. However, the bears were active below the $0.080 level. A high is formed near $0.0798 and the price is now consolidating gains. It is trading above $0.0765 and the 55 simple moving average (4 hours).

On the upside, TRX is facing resistance near the $0.0795 level. The next major resistance is near the $0.080 level. A close above $0.080 could send the price toward the $0.0825 resistance zone.

Any more gains might send TRX price toward $0.085, above which the price could even rise toward $0.088. On the downside, initial support is near the $0.0768 level or the 23.6% Fib retracement level of the upward move from the $0.0668 swing low to the $0.0798 high.

There is also a major bullish trend line forming with support near $0.0642 on the 4-hours chart. The next major support is now forming near $0.0732 or the 50% Fib retracement level of the upward move from the $0.0668 swing low to the $0.0798 high.

If there is a downside break below the $0.0732 support, the price might revisit the $0.0710 support. Any more losses might call for a move toward the $0.0700 zone in the near term.

Tron (TRX) Price Analysis: Rally Could Extend above $0.08

Tron (TRX) Price

The chart indicates that TRX’s price is now trading above $0.0765 and the 55 simple moving average (4 hours). Overall, the price could continue to move up if it breaks the $0.0795 resistance zone.

Technical Indicators

4 hours MACD – The MACD for TRX/USD is now gaining momentum in the bullish zone.

4 hours RSI – The RSI for TRX/USD is above the 50 level.

Key Support Levels – $0.0765 and $0.0742.

Key Resistance Levels – $0.0795, $0.080, and $0.085.

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