Momentum

Million

TRON

<ul class="list-ic vertical">
 <li><span>1</span> <a>TRON (TRX) coin trades close to the neckline hurdle of $0.1300.</a></li>
 <li><span>2</span> <a>Buyers have started accumulating and looking to register a breakout.</a></li>
</ul>
<p>The TRON (TRX) coin directs buyer accumulation and trades close to the prompt hurdle of $0.1300. The coin price is poised for an up move and is looking bullish on the charts.</p>
<p>Moreover, the technical indicators are suggesting that the TRX coin is all set to register a breakout and might deliver a surge over 5% as per the analysts opinion.</p>
<p>Recently, the coin has delivered roller coaster swings and rejected from the top mark of $0.1450. Afterward, a sharp correction of over 24% was witnessed.&nbsp;</p>
<p>Amidst the market bearish sentiments, the coin managed the gains and reverted from the bottom mark of $0.1100, close to the 200 day EMA mark.</p>
<h2 class="wp-block-heading" id="strong-tron-trx-price-action-sharp-breakout-on-the-cards-strong"><strong>TRON (TRX) Price Action: Sharp Breakout On The Cards</strong></h2>
<p>Per TradingView data, TRON could breach the upside mark of $0.1300. If this happens, the coin may reflect an uptrend and will reach the upside of $0.1450 shortly.</p>
<p>The Momentum Indicator (Relative Strength Index), highlights the positive crossover and the curve spiked to the overbought zone.</p> 
<p><a href="https://www.tradingview.com/chart/TRXUSDT/desV7C2u-TRON-Price/" rel="noopener noreferrer nofollow"></a><a href="https://www.tradingview.com/u/TheCoinRepublic/" rel="noopener noreferrer nofollow"></a><a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow"></a></p> 
<p class="has-text-align-center"><strong>Source: </strong>TradingView</p>
<p>The overall trend is neutral and buyers are actively participating and started making fresh long positions, which might result in a bullish trend ahead</p>
<h3 class="wp-block-heading" id="strong-volume-profile-outlook-strong"><strong>Volume Profile Outlook</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/mkyu2mPh871eAhlFV6y2FtqqxgtU7IL4YtWGBemL7jKGYnD3UTK-YFXPFkk-InJC5_KGGPtmgGjbNpWP-gH4IgIRb5_EDAnkmU-ViF8leykP-_99orw2xksbt706HQFHMntPv1liA3XUxRV4wvtzmk0" alt="">
 </figure>
</div>
<p class="has-text-align-center">Source: Messari</p>
<p>The intraday trading volume increased over 27.70% to $447.94 Million and is displaying a significant spike in investor interest. Moreover, the long/short ratio was noted at 0.9701, favoring the uptrend.</p>
<p>Per the Fibonacci retracement levels, the TRON price crossed the 38.3% zone and is close to the 50% region.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/zjNiNL7QNaP9qWNaEVnfRERASOsxnn0EvNxTUXFc7h9PIaCXon6YAaQxKm2jlELb4dkbIuDF-DUE_r9JrlLt5uRPxn5524ewkXxSS9eAumuvw_CYj_By6XCHMRfHRgdZ1RLsaVVG4e-bNkLuSNXBaiI" alt="">
 </figure>
</div>
<p class="has-text-align-center">Source: Messari</p>
<p>The <a href="https://www.thecoinrepublic.com/2023/09/15/tron-trx-price-prediction-will-trx-roll-towards-0-08500/" target="_blank" rel="noopener noreferrer nofollow">TRON (TRX) price</a> trades above the mid bollinger band and is directing a drop in the price volatility. Over the past few sessions, the price volatility keeps lower and has dropped to 0.082.</p>
<h3 class="wp-block-heading" id="strong-derivative-data-outlook-strong"><strong>Derivative Data Outlook</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/uy9LFhDSS1hIZe-IG75tGfEbucjjUHVSc7S5MNZK6k3hgemhWhYQVoz8rJ4lkNL7OD4ikliHD0OIsbY4hUQPTdddzP3ukCoAEPRC-07BuZXQEx23RJtrdIgejtaIPJ6gESrTfJQl354y2p4KgD-pepA" alt="">
 </figure>
</div>
<p class="has-text-align-center">Source: coinglass</p>
<p>Per the data from the coinglass, the derivative data signifies fresh long buildup and the open interest spiked over 8.46% to $67.51 Million in the last 24 hrs.</p>
<p>The immediate support levels for the TRON (TRX) is $0.1170 and $0.110 whereas the key upside hurdle is around $0.1300 followed by $0.1430.</p>
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p>The TRON (TRX) price might register a breakout above the neckline of $0.1300 and is hovering close to it. Moreover, the sentiments are favoring the upside and the coin might deliver a 5-8% up move in the upcoming sessions.</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

TRON (TRX) Looks Bullish: TRX Might Surge 5% Soon: Analyst Says

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Thecoinrepublic.com

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