CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
NewsBTC 2024-07-24 05:18:40

Tron Price (TRX) Targets New Gains: Is Another Increase Coming?

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.

Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine