Ethereum

Bitcoin

Resistance

Tron price is eyeing a fresh increase from the $0.1112 support against the US Dollar. TRX is outperforming Bitcoin and could rise further above $0.1140. 
<ul> 
 <li>Tron is moving higher above the $0.1120 resistance level against the US dollar.</li> 
 <li>The price is trading above $0.1125 and the 100 simple moving average (4 hours).</li> 
 <li>There was a break above a key contracting triangle with resistance at $0.1126 on the 4-hour chart of the TRX/USD pair (data source from Kraken).</li> 
 <li>The pair could continue to climb higher toward $0.1165 or even $0.1200.</li> 
</ul> 
<h2 id="tron-price-restarts-increase">Tron Price Restarts Increase</h2> 
Recently, <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-decline-41800/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-topside-vulnerable-2350/" target="_blank" rel="noopener ">Ethereum</a> saw a major rejection. However, Tron price remained stable above the $0.1100 support. Earlier, there was a steady increase toward the $0.1165 level before TRX started a downside correction. 
There was a move below the $0.1150 level. The price declined below the 23.6% Fib retracement level of the upward move from the $0.1059 swing low to the $0.1165 high. The bulls are now protecting the $0.1125 support zone and the 100 simple moving average (4 hours). 
Tron is now moving higher and trading above $0.1120. There was a break above a key contracting triangle with resistance at $0.1126 on the 4-hour chart of the TRX/USD pair. 
<a href="https://www.newsbtc.com/wp-content/uploads/2024/02/Tron-TRX.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-572725" src="https://www.newsbtc.com/wp-content/uploads/2024/02/Tron-TRX.png?resize=1024%2C461" alt="Tron Price Prediction" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/02/Tron-TRX.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/02/Tron-TRX.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/02/Tron-TRX.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/02/Tron-TRX.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/02/Tron-TRX.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/02/Tron-TRX.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/02/Tron-TRX.png?resize=1024%2C461?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
Source: <a href="https://www.tradingview.com/symbols/TRXUSD/" target="_blank" rel="noopener nofollow">TRXUSD on TradingView.com</a> 
On the upside, an initial resistance is near the $0.1140 level. The first major resistance is near $0.1150, above which the price could accelerate higher. The next resistance is near $0.1165. A close above the $0.1165 resistance might send TRX further higher toward $0.1200. The next major resistance is near the $0.1125 level, above which the bulls are likely to aim for a larger increase toward $0.1300. 
<h2 id="are-dips-supported-in-trx">Are Dips Supported in TRX?</h2> 
If TRX price fails to clear the $0.1140 resistance, it could start a downside correction. Initial support on the downside is near the $0.1120 zone. 
The first major support is near the $0.1100 level or the 50% Fib retracement level of the upward move from the $0.1059 swing low to the $0.1165 high, below which it could test $0.1085. Any more losses might send Tron toward the $0.1050 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 – $0.1100, $0.1085, and $0.1050. 
Major Resistance Levels – $0.1140, $0.1165, and $0.1200.

Tron Price Prediction: TRX Looks Set For A Bullish Streak To $0.12

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