<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/trx-price-analysis-will-the-flat-moving-trx-price-cross-0-085/">TRX Price Analysis: Will The Flat-moving TRX Price Cross $0.085?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Maintaining an upward trend in 2023, the TRX price maintains a year-to-date growth of 42.97% and forms the 52-week high at $0.085. The rising trend in Tron price comes with a fair share of corrections in relation to Bitcoin, giving rise to a multi-contact support trendline.</p> 
<p>Trading at a discount of 17.59% from its 2023 high of $0.094, TRX price hinges at the $0.076 mark. Moreover, the Tron price trend maintains the positive alignment of the 50 and 200-day EMA after the golden crossover. A feat that many altcoins are failing to achieve or sustain in 2023.&nbsp;</p> 
<figure class="wp-block-image"> 
 <img decoding="async" src="https://lh4.googleusercontent.com/DuEvDWIbILBkASxLRqmsffoL0CZfsvraExRbqAiAuYgEpAGGRApLyigfzLnGcED9DeYnNuM3pTBLVpI55drxfe96yX9UvH-3OqiIroY6rOrZA17ivotcpnjmdDzzv_teqh32_NJJsgZu_r9aqvQZY1M" alt=""> 
</figure> 
<p>Currently trading at $0.07765, the TRX price displays a 0.80% growth within 24 hours. It also reflects the ongoing positive cycle in the consolidation range.&nbsp;</p> 
<h2 id="will-the-hibernating-trx-price-end-on-a-bullish-note" data-name="will-the-hibernating-trx-price-end-on-a-bullish-note" class="wp-block-heading">Will The Hibernating TRX Price End On A Bullish Note?</h2> 
<p>The 1-day Tron price chart shows the TRX price going flat-lined at 23.60% Fibonacci level at $0.076. This leads to a consolidation range between $0.075-$0.078 in the shorter timeframes. Moreover, the Tron price moves along with the 50-day EMA, displaying a hibernating state for almost two weeks.&nbsp;</p> 
<p>During the ongoing hibernation, the MACD and RSI indicators are signaling some bullish whispers. The MACD indicator shows a positive alignment with the RSI line sustains above the halfway line.&nbsp;</p> 
<p>A breakout on either side of the consolidation range is set to determine the upcoming TRX price trend. If the TRX buyers break above $0.078, the breakout rally will cross the $0.085 swing high. Potentially, the TRX price can reach the psychological mark of $0.10.</p> 
<p>On the flip side, the TRX prices can plunge to the 38.20% Fibonacci level at $0.067.<span id="docs-internal-guid-166cebb2-7fff-1928-0943-51af2dd05539"></span></p> 
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TRX Price Analysis: Will The Flat-moving TRX Price Cross $0.085?

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