Ethereum

Bitcoin

Resistance

Tron price is rising from the $0.1300 zone against the US Dollar. TRX is outperforming Bitcoin and could rise further above $0.1350. 
<ul> 
 <li>Tron is moving higher above the $0.1300 resistance level against the US dollar.</li> 
 <li>The price is trading above $0.1320 and the 100-hourly simple moving average.</li> 
 <li>There is a key bullish trend line forming with support at $0.1330 on the hourly chart of the TRX/USD pair (data source from Kraken).</li> 
 <li>The pair could continue to climb higher toward $0.1380 or even $0.1420.</li> 
</ul> 
<h2 id="tron-price-eyes-fresh-increase">Tron Price Eyes Fresh Increase</h2> 
Recently, <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-dips-65500/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-holding-pattern-3400/" target="_blank" rel="noopener ">Ethereum</a> saw a fresh decline below $66,500 and $3,500 respectively. However, Tron price remained stable above the $0.1300 support and climbed higher. 
There was a decent move above the $0.1320 resistance zone. TRX price cleared the 50% Fib retracement level of the downward move from the $0.1371 swing high to the $0.1311 low. The price is now trading above $0.1320 and the 100-hourly simple moving average. 
There is also a key bullish trend line forming with support at $0.1330 on the hourly chart of the TRX/USD pair. The pair is signaling more upsides unless there is a move below $0.1320. On the upside, an initial resistance is near the $0.1350 level or the 61.8% Fib retracement level of the downward move from the $0.1371 swing high to the $0.1311 low. <a href="https://www.newsbtc.com/wp-content/uploads/2024/07/Tron-TRX.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="wp-image-631253 size-full" src="https://www.newsbtc.com/wp-content/uploads/2024/07/Tron-TRX.png?resize=1024%2C461" alt="Tron Price" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/07/Tron-TRX.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/07/Tron-TRX.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/07/Tron-TRX.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/07/Tron-TRX.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/07/Tron-TRX.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/07/Tron-TRX.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/07/Tron-TRX.png?resize=1024%2C461?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
The first major resistance is near $0.1358, above which the price could accelerate higher. The next resistance is near $0.1380. A close above the $0.1380 resistance might send TRX further higher toward $0.1400. The next major resistance is near the $0.1420 level, above which the bulls are likely to aim for a larger increase toward $0.1450 in the near term. 
<h2 id="are-dips-supported-in-trx">Are Dips Supported in TRX?</h2> 
If TRX price fails to clear the $0.1350 resistance, it could start a downside correction below the 100-hourly simple moving average. Initial support on the downside is near the $0.1335 zone. 
The first major support is near the $0.1320 level, below which it could test $0.1310. Any more losses might send Tron toward the $0.1300 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 – $0.1355 and $0.1320. 
Major Resistance Levels – $0.1350 and $0.1380.

Tron Price (TRX) Targets New Gains: Is Another Increase Coming?

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