Ethereum

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Resistance

Tron price is gaining pace above the $0.120 resistance against the US Dollar. TRX is outperforming Bitcoin and could rise further above $0.140. 
<ul> 
 <li>Tron is moving higher above the $0.122 resistance level against the US dollar.</li> 
 <li>The price is trading above $0.1350 and the 100 simple moving average (4 hours).</li> 
 <li>There is a key bullish trend line forming with support at $0.1382 on the 4-hour chart of the TRX/USD pair (data source from Kraken).</li> 
 <li>The pair could continue to climb higher toward $0.165 or even $0.180.</li> 
</ul> 
<h2 id="tron-price-regains-strength">Tron Price Regains Strength</h2> 
Recently, <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-range-50k-key/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-hits-3k/" target="_blank" rel="noopener ">Ethereum</a> saw a decent increase and moved into a positive zone. Tron price also remained well-bid and it slowly moved higher above the $0.120 resistance zone. 
There was a steady increase above the $0.128 and $0.132 resistance levels. Finally, TRX traded to a new multi-week high at $0.1400 and is currently consolidating gains. It is trading above the 23.6% Fib retracement level of the upward move from the $0.1309 swing low to the $0.1400 high. 
Tron price is now trading above $0.1350 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $0.1382 on the 4-hour chart of the TRX/USD pair. 
<a href="https://www.newsbtc.com/wp-content/uploads/2024/02/Tron-TRX_f82b15.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-576101" src="https://www.newsbtc.com/wp-content/uploads/2024/02/Tron-TRX_f82b15.png?resize=1024%2C461" alt="Tron Price Prediction" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/02/Tron-TRX_f82b15.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/02/Tron-TRX_f82b15.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/02/Tron-TRX_f82b15.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/02/Tron-TRX_f82b15.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/02/Tron-TRX_f82b15.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/02/Tron-TRX_f82b15.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/02/Tron-TRX_f82b15.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> 
On the upside, an initial resistance is near the $0.1400 level. The first major resistance is near $0.1420, above which the price could accelerate higher. The next resistance is near $0.1650. A close above the $0.1650 resistance might send TRX further higher toward $0.1720. The next major resistance is near the $0.180 level, above which the bulls are likely to aim for a larger increase toward $0.20. 
<h2 id="are-dips-supported-in-trx">Are Dips Supported in TRX?</h2> 
If TRX price fails to clear the $0.140 resistance, it could start a downside correction. Initial support on the downside is near the $0.1380 zone and the trend line. 
The first major support is near the $0.1350 level or the 50% Fib retracement level of the upward move from the $0.1309 swing low to the $0.1400 high, below which it could test $0.1320. Any more losses might send Tron toward the $0.1250 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 – $0.1380, $0.1350, and $0.1320. 
Major Resistance Levels – $0.140, $0.1650, and $0.180.

Tron Price Prediction: TRX Silently Grinds Higher, $0.18 Next?

目錄

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