Tron Price (TRX) Targets New Gains: Is Another Increase Coming?
24 Luglio 2024 - 7:18AM
NEWSBTC
Tron price is rising from the $0.1300 zone against the US Dollar.
TRX is outperforming Bitcoin and could rise further above $0.1350.
Tron is moving higher above the $0.1300 resistance level against
the US dollar. The price is trading above $0.1320 and the
100-hourly simple moving average. There is a key bullish trend line
forming with support at $0.1330 on the hourly chart of the TRX/USD
pair (data source from Kraken). The pair could continue to climb
higher toward $0.1380 or even $0.1420. Tron Price Eyes Fresh
Increase Recently, Bitcoin and Ethereum saw a fresh decline below
$66,500 and $3,500 respectively. However, Tron price remained
stable above the $0.1300 support and climbed higher. There was a
decent move above the $0.1320 resistance zone. TRX price cleared
the 50% Fib retracement level of the downward move from the $0.1371
swing high to the $0.1311 low. The price is now trading above
$0.1320 and the 100-hourly simple moving average. There is also a
key bullish trend line forming with support at $0.1330 on the
hourly chart of the TRX/USD pair. The pair is signaling more
upsides unless there is a move below $0.1320. On the upside, an
initial resistance is near the $0.1350 level or the 61.8% Fib
retracement level of the downward move from the $0.1371 swing high
to the $0.1311 low. The first major resistance is near $0.1358,
above which the price could accelerate higher. The next resistance
is near $0.1380. A close above the $0.1380 resistance might send
TRX further higher toward $0.1400. The next major resistance is
near the $0.1420 level, above which the bulls are likely to aim for
a larger increase toward $0.1450 in the near term. Are Dips
Supported in TRX? If TRX price fails to clear the $0.1350
resistance, it could start a downside correction below the
100-hourly simple moving average. Initial support on the downside
is near the $0.1335 zone. The first major support is near the
$0.1320 level, below which it could test $0.1310. Any more losses
might send Tron toward the $0.1300 support in the coming sessions.
Technical Indicators Hourly MACD – The MACD for TRX/USD is gaining
momentum in the bullish zone. Hourly RSI (Relative Strength Index)
– The RSI for TRX/USD is currently above the 50 level. Major
Support Levels – $0.1355 and $0.1320. Major Resistance Levels –
$0.1350 and $0.1380.
Grafico Azioni TRON (COIN:TRXUSD)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni TRON (COIN:TRXUSD)
Storico
Da Lug 2023 a Lug 2024