Ethereum

Bitcoin

Resistance

Pack

Tron price is gaining pace above the $0.1150 resistance against the US Dollar. TRX is outperforming Bitcoin and could rise further above $0.1180. 
<ul> 
 <li>Tron is moving higher above the $0.1150 resistance level against the US dollar.</li> 
 <li>The price is trading above $0.1155 and the 100-hourly simple moving average.</li> 
 <li>There is a key bullish trend line forming with support at $0.1160 on the hourly chart of the TRX/USD pair (data source from Kraken).</li> 
 <li>The pair could continue to climb higher toward $0.1200 or even $0.1220.</li> 
</ul> 
<h2 id="tron-price-regains-strength">Tron Price Regains Strength</h2> 
Recently, Bitcoin and Ethereum saw a fresh decline below $68,500 and $3,750 respectively. However, Tron price remained stable above the $0.1120 support and even climbed higher. 
There was a decent move above the $0.1150 resistance zone. TRX price cleared many hurdles and gained over 3%. There was a move above the $0.1165 level. A high is formed at $0.1170 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $0.1102 swing low to the $0.1170 high. 
Tron price is now trading above $0.1160 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $0.1160 on the hourly chart of the TRX/USD pair. <a href="https://www.newsbtc.com/wp-content/uploads/2024/06/Tron-TRX.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="wp-image-612168 size-full" src="https://www.newsbtc.com/wp-content/uploads/2024/06/Tron-TRX.png?resize=1024%2C461" alt="Tron Price (TRX) " width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/06/Tron-TRX.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/06/Tron-TRX.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/06/Tron-TRX.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/06/Tron-TRX.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/06/Tron-TRX.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/06/Tron-TRX.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/06/Tron-TRX.png?resize=1024%2C461?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
On the upside, an initial resistance is near the $0.1170 level. The first major resistance is near $0.1180, above which the price could accelerate higher. The next resistance is near $0.1200. A close above the $0.1200 resistance might send TRX further higher toward $0.1225. The next major resistance is near the $0.1320 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 $0.1200 resistance, it could start a downside correction. Initial support on the downside is near the $0.1160 zone. 
The first major support is near the $0.1150 level or the 100 simple moving average (4 hours), below which it could test $0.1140. Any more losses might send Tron toward the $0.1136 support in the coming sessions. 
Technical Indicators 
Hourly MACD – The MACD for TRX/USD is gaining momentum in the bullish zone. 
Hourly RSI (Relative Strength Index) – The RSI for TRX/USD is currently above the 50 level. 
Major Support Levels – $0.1160, $0.1150, and $0.1136. 
Major Resistance Levels – $0.1180, $0.1200, and $0.1220.

Tron Price (TRX) Surges Ahead: Leading the Altcoins Pack

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