Bitcoin

Resistance

TRON

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/trons-bullish-trend-continues-as-it-breaks-resistance-levels-in-crypto-market" rel="noopener noreferrer nofollow">TRON’s Bullish Trend Continues as It Breaks Resistance Levels in Crypto Market</a><br></p>
<p style="text-align: justify">In the dynamic world of cryptocurrencies, <a href="https://en.bitcoinhaber.net/trons-bullish-trend-continues-as-it-breaks-resistance-levels-in-crypto-market" rel="noopener noreferrer nofollow">Tron</a> (TRX) has shown remarkable growth, outperforming significant resistance barriers, notably surpassing the $0.120 mark. The digital asset has been trading robustly above the $0.14 threshold, signaling a bullish trend amidst general market upswings driven by major players such as Bitcoin and Ethereum.</p>
<h2 id="tron-s-market-position-strengthens">TRON’s Market Position Strengthens</h2>
<p style="text-align: justify">The digital currency has made impressive strides, maintaining its advance beyond the $0.122 resistance, further supported by the 100 simple moving average on its 4-hour chart. A trend line showing potential support around $0.1382 suggests that TRON may set its sights on even loftier goals, with the possibility of reaching up to $0.180.</p>
<p style="text-align: justify">TRON’s upward trajectory has brought attention to the resistance level near $0.1400, with analysts predicting the next critical resistance at $0.1420. Should the bullish momentum hold, these levels could pave the way for a surge toward the $0.20 range, reflecting a significantly optimistic market sentiment for the altcoin.</p>
<h2 id="technical-analysis-and-support-levels">Technical Analysis and Support Levels</h2>
<p style="text-align: justify">However, TRON could experience a downward correction if it fails to breach the $0.140 resistance. A drop could find support near $0.1380, aligning with the established trend line, and could potentially test lower supports at $0.1350 or $0.1320. The MACD and RSI indicators for TRON signal a strong bullish presence, with the RSI above 50, hinting at continued positive market action.</p>
<p style="text-align: justify">Ultimately, TRON’s upward price trend seems poised to persist in the near term, although market participants should watch vital resistance and support levels for pivotal movements. Interestingly, recent developments regarding USDC’s issuance cessation on the TRON network have not significantly impacted the asset’s price trajectory, demonstrating the market’s confidence in TRON’s performance.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/trons-bullish-trend-continues-as-it-breaks-resistance-levels-in-crypto-market" rel="noopener noreferrer nofollow">TRON’s Bullish Trend Continues as It Breaks Resistance Levels in Crypto Market</a></h5>

TRON’s Bullish Trend Continues as It Breaks Resistance Levels in Crypto Market

Table of Contents

BH NEWS

Other articles published on Feb 21, 2024

Egypt’s Commercial International Bank Embraces Blockchain with Ripple

Ethereum Price Hits $3000 for First Time Since April 2022

Are Brands Losing Touch? Navigating Human Connections Amidst AI Content

Samsung Sets New Horizon with Galaxy AI Integration Across Devices

Solana Faces Investor Exodus At $100 Resistance: What’s Next For SOL?

Ethereum Gains Traction as Investors Eye $10,000 Milestone

Join our free newsletter for daily crypto updates!