Ethereum

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Resistance

<p><a href="https://cryptoticker.io/en/token/TRX"><i>Tron (TRX) price</i></a><i> is on the rise from the $0.1300 zone against the US Dollar. TRX is outperforming Bitcoin and shows potential for further increases above $0.1350. Is a new all-time high soon for </i><a href="https://www.bitget.com/spot/TRXUSDT?vipCode=94qs"><i>TRX price</i></a><i>?</i></p>
<figure class="image">
 <img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/By_Trading_View_TRX_Performance_24h_eae496dcd4.png" alt="By TradingView - TRX Performance (24h)">
</figure>
<p>&nbsp;</p>
<h2 id="strong-tron-price-analysis-trx-price-movement-above-key-resistance-levels-strong"><strong>Tron Price Analysis: TRX Price Movement Above Key Resistance Levels</strong>&nbsp;</h2>
<p><a href="https://www.bitget.com/spot/TRXUSDT?vipCode=94qs">TRX price</a> is showing strength as it moves higher above the $0.1300 resistance level against the US dollar. The price is currently trading above $0.1320 and the 100-hourly simple moving average. A key bullish trend line is forming with support at $0.1330 on the hourly chart of the TRX/USD pair (data from Kraken). This suggests that the pair could continue to climb towards $0.1380 or even $0.1420.</p>
<figure class="image">
 <img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/TRXUSD_2024_07_24_All_9d69b07c75.png" alt="By TradingView - TRXUSD_2024-07-24 (All)">
</figure>
<h2 id="strong-tron-price-prediction-eyes-fresh-increase-strong"><strong>Tron Price Prediction: Eyes Fresh Increase</strong></h2>
<p>Recently, while <a href="https://cryptoticker.io/en/token/BTC">Bitcoin</a> and <a href="https://cryptoticker.io/en/token/ETH">Ethereum</a> experienced declines below $66,500 and $3,500 respectively, Tron remained stable above the $0.1300 support and climbed higher. <a href="https://www.bitget.com/spot/TRXUSDT?vipCode=94qs">TRX price</a> made a significant move above the $0.1320 resistance zone, clearing the 50% Fib retracement level of the downward move from the $0.1371 swing high to the $0.1311 low. The <a href="https://www.tradingview.com/symbols/TRXUSD/?aff_id=127958">TRX price</a> is now trading above $0.1320 and the 100-hourly simple moving average.</p>
<p>A key bullish trend line with support at $0.1330 on the hourly chart suggests more upsides unless there is a move below $0.1320. The initial resistance is near $0.1350 or the 61.8% Fib retracement level of the downward move from the $0.1371 swing high to the $0.1311 low. If the price surpasses this, the next resistance is near $0.1380. A close above this level could push <a href="https://www.tradingview.com/symbols/TRXUSD/?aff_id=127958">TRX price</a> further towards $0.1400, with the next major resistance at $0.1420. Breaking this could lead to a larger increase towards $0.1450.</p>
<figure class="image">
 <img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/TRXUSD_2024_07_24_5_D_3122e1a9d0.png" alt="By TradingView - TRXUSD_2024-07-24 (5D)">
</figure>
<h3 id="strong-support-levels-and-potential-downside-strong"><strong>Support Levels and Potential Downside</strong></h3>
<p>If <a href="https://www.bitget.com/spot/TRXUSDT?vipCode=94qs">TRX price</a> fails to clear the $0.1350 resistance, it could start a downside correction below the 100-hourly simple moving average. Initial support is near the $0.1335 zone, with the first major support at $0.1320. Falling below this could test the $0.1310 level, and further losses might send Tron towards the $0.1300 support.</p>
<h3 id="strong-technical-indicators-strong"><strong>Technical Indicators</strong></h3>
<ul>
 <li><strong>Hourly MACD: </strong>The MACD for TRX/USD is gaining momentum in the bullish zone.</li>
 <li><strong>Hourly RSI: </strong>The RSI for TRX/USD is currently above the 50 level.</li>
 <li><strong>Major Support Levels: </strong>$0.1335, $0.1320</li>
 <li><strong>Major Resistance Levels: </strong>$0.1350, $0.1380</li>
</ul>
<figure class="image">
 <img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/By_Trading_View_TRX_Overall_Performance_d95868349f.png" alt="By TradingView - TRX Overall Performance">
</figure>

Tron Price Prediction: Is Another Surge Ahead For TRX?

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