Tron Price Prediction: TRX Outperforms Bitcoin, Can It Hit $0.132?
09 Maggio 2024 - 7:35AM
NEWSBTC
Tron price is gaining pace above the $0.1220 resistance against the
US Dollar. TRX is outperforming Bitcoin and could rise further
above $0.1250. Tron is moving higher above the $0.120 resistance
level against the US dollar. The price is trading above $0.1220 and
the 100 simple moving average (4 hours). There was a break above a
key bearish trend line with resistance at $0.120 on the 4-hour
chart of the TRX/USD pair (data source from Kraken). The pair could
continue to climb higher toward $0.1275 or even $0.1320. Tron Price
Regains Strength Recently, Bitcoin and Ethereum saw a fresh decline
below $63,500 and $3,100 respectively. However, Tron price remained
stable above the $0.1180 support and even climbed higher. There was
a decent move above the $0.120 resistance zone. TRX price cleared
the 50% Fib retracement level of the downward move from the $0.1239
swing high to the $0.1181 low. Besides, there was a break above a
key bearish trend line with resistance at $0.120 on the 4-hour
chart of the TRX/USD pair. Tron price is now trading above $0.1220
and the 100 simple moving average (4 hours). On the upside, an
initial resistance is near the $0.1250 level. Source: TRXUSD on
TradingView.com The first major resistance is near $0.1275 or the
1.618 Fib extension level of the downward move from the $0.1239
swing high to the $0.1181 low, above which the price could
accelerate higher. The next resistance is near $0.1320. A close
above the $0.1320 resistance might send TRX further higher toward
$0.1365. The next major resistance is near the $0.140 level, above
which the bulls are likely to aim for a larger increase toward
$0.150. Are Dips Supported in TRX? If TRX price fails to clear the
$0.1250 resistance, it could start a downside correction. Initial
support on the downside is near the $0.1220 zone. The first major
support is near the $0.1195 level or the 100 simple moving average
(4 hours), below which it could test $0.1180. Any more losses might
send Tron toward the $0.1150 support in the coming sessions.
Technical Indicators 4 hours MACD – The MACD for TRX/USD is gaining
momentum in the bullish zone. 4 hours RSI (Relative Strength Index)
– The RSI for TRX/USD is currently above the 50 level. Major
Support Levels – $0.1220, $0.1195, and $0.1180. Major Resistance
Levels – $0.1250, $0.1275, and $0.1320.
Grafico Azioni Ethereum (COIN:ETHUSD)
Storico
Da Apr 2024 a Mag 2024
Grafico Azioni Ethereum (COIN:ETHUSD)
Storico
Da Mag 2023 a Mag 2024