Ethereum

Bitcoin

Resistance

Tron price is gaining pace above the $0.1220 resistance against the US Dollar. TRX is outperforming Bitcoin and could rise further above $0.1250. 
<ul> 
 <li>Tron is moving higher above the $0.120 resistance level against the US dollar.</li> 
 <li>The price is trading above $0.1220 and the 100 simple moving average (4 hours).</li> 
 <li>There was a break above a key bearish trend line with resistance at $0.120 on the 4-hour chart of the TRX/USD pair (data source from Kraken).</li> 
 <li>The pair could continue to climb higher toward $0.1275 or even $0.1320.</li> 
</ul> 
<h2 id="tron-price-regains-strength">Tron Price Regains Strength</h2> 
Recently, <a href="https://www.newsbtc.com/analysis/btc/bitcoin-bears-pushing-60k/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-support-2940/" target="_blank" rel="noopener ">Ethereum</a> saw a fresh decline below $63,500 and $3,100 respectively. However, Tron price remained stable above the $0.1180 support and even climbed higher. 
There was a decent move above the $0.120 resistance zone. TRX price cleared the 50% Fib retracement level of the downward move from the $0.1239 swing high to the $0.1181 low. Besides, there was a break above a key bearish trend line with resistance at $0.120 on the 4-hour chart of the TRX/USD pair. 
Tron price is now trading above $0.1220 and the 100 simple moving average (4 hours). On the upside, an initial resistance is near the $0.1250 level. 
<a href="https://www.newsbtc.com/wp-content/uploads/2024/05/Tron-TRX.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-607144" src="https://www.newsbtc.com/wp-content/uploads/2024/05/Tron-TRX.png?resize=1024%2C461" alt="Tron Price Prediction" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/05/Tron-TRX.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/05/Tron-TRX.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/05/Tron-TRX.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/05/Tron-TRX.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/05/Tron-TRX.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/05/Tron-TRX.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/05/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> 
The first major resistance is near $0.1275 or the 1.618 Fib extension level of the downward move from the $0.1239 swing high to the $0.1181 low, above which the price could accelerate higher. The next resistance is near $0.1320. A close above the $0.1320 resistance might send TRX further higher toward $0.1365. The next major resistance is near the $0.140 level, above which the bulls are likely to aim for a larger increase toward $0.150. 
<h2 id="are-dips-supported-in-trx">Are Dips Supported in TRX?</h2> 
If TRX price fails to clear the $0.1250 resistance, it could start a downside correction. Initial support on the downside is near the $0.1220 zone. 
The first major support is near the $0.1195 level or the 100 simple moving average (4 hours), below which it could test $0.1180. Any more losses might send Tron toward the $0.1150 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 – $0.1220, $0.1195, and $0.1180. 
Major Resistance Levels – $0.1250, $0.1275, and $0.1320.

Tron Price Prediction: TRX Outperforms Bitcoin, Can It Hit $0.132?

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