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{"id":544379,"date":"2023-07-26T05:43:40","date_gmt":"2023-07-26T05:43:40","guid":{"rendered":"https:\/\/uniquehot.com\/?p=544379"},"modified":"2024-06-11T12:46:50","modified_gmt":"2024-06-11T12:46:50","slug":"tron-price-prediction-trx-support-0-080","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/tron-trx\/tron-price-prediction-trx-support-0-080\/","title":{"rendered":"Tron Price Prediction: TRX Trades Near Key Juncture, Can It Rally Again?"},"content":{"rendered":"

Tron price is consolidating near the $0.080 support against the US Dollar. TRX could outperform Bitcoin if the bulls stay active above $0.080.<\/em><\/p>\n

\n
Tron is holding major support near $0.080 against the US dollar.<\/li>\n
The price is trading above $0.0805 and the 100 simple moving average (4 hours).<\/li>\n
There is a crucial bullish trend line forming with support near $0.0810 on the 4-hour chart of the TRX\/USD pair (data source from Kraken).<\/li>\n
The pair could start a decent increase if there is a move above the $0.0835 resistance.<\/li>\n<\/ul>\n
Tron Price Holds Key Support<\/h2>\n
In the past few days, Tron\u2019s price saw a steady decline from the $0.094 zone against the US Dollar, similar to Bitcoin<\/a> and Ethereum<\/a>. TRX traded below the $0.0850 support to enter a short-term bearish zone.<\/p>\n
The price even declined below the $0.0835 support, but the bulls were active near the $0.080 level. A low is formed near $0.0804 and the price is now consolidating losses. TRX is now trading above $0.0805 and the 100 simple moving average (4 hours).<\/p>\n
There is also a crucial bullish trend line forming with support near $0.0810 on the 4-hour chart of the TRX\/USD pair. On the upside, an initial resistance is near the $0.0835 zone. It is close to the 23.6% Fib retracement level of the downward move from the $0.0939 swing high to the $0.0804 low.<\/p>\n
$\"Tron$ <\/p>\n
Source: TRXUSD on TradingView.com<\/a><\/p>\n
A close above the $0.0835 resistance might send TRX further higher. The next major resistance is near the $0.0872 level or the 50% Fib retracement level of the downward move from the $0.0939 swing high to the $0.0804 low, above which the bulls are likely to aim a larger increase toward the key $0.0900 zone in the coming days. Any more gains could set the pace for a move toward the $0.094 level.<\/p>\n
More Downsides in TRX?<\/h2>\n
If TRX price fails to clear the $0.08350 resistance, it could extend its decline. Initial support on the downside is near the $0.0810 zone and the trend line.<\/p>\n
The first major support is near the $0.080 level or the 100 simple moving average (4 hours), below which the price could accelerate lower. The next major support is $0.0760.<\/p>\n
Technical Indicators<\/p>\n
4 hours MACD \u2013 The MACD for TRX\/USD is losing momentum in the bearish zone.<\/p>\n
4 hours RSI (Relative Strength Index) \u2013 The RSI for TRX\/USD is currently near the 50 level.<\/p>\n
Major Support Levels \u2013 $0.0810, $0.0800, and $0.0760.<\/p>\n
Major Resistance Levels \u2013 $0.0835, $0.0872, and $0.090.<\/p>\n","protected":false},"excerpt":{"rendered":"
Tron price is consolidating near the $0.080 support against the US Dollar. TRX could outperform Bitcoin if the bulls stay active above $0.080. Tron is holding major support near $0.080 against the US dollar. The price is trading above $0.0805 and the 100 simple moving average (4 hours). There is a crucial bullish trend line forming with support near $0.0810 on the 4-hour chart of the TRX\/USD pair (data source from Kraken). The pair could start a decent increase if there is a move above the $0.0835 resistance. Tron Price Holds Key Support In the past few days, Tron\u2019s price saw a steady decline from the $0.094 zone against the US Dollar, similar to Bitcoin and Ethereum. TRX traded below the $0.0850 support to enter a short-term bearish zone. The price even declined below the $0.0835 support, but the bulls were active near the $0.080 level. A low is formed near $0.0804 and the price is now consolidating losses. TRX is now trading above $0.0805 and the 100 simple moving average (4 hours). There is also a crucial bullish trend line forming with support near $0.0810 on the 4-hour chart of the TRX\/USD pair. On the upside, an initial resistance is near the $0.0835 zone. It is close to the 23.6% Fib retracement level of the downward move from the $0.0939 swing high to the $0.0804 low. Source: TRXUSD on TradingView.com A close above the $0.0835 resistance might send TRX further higher. The next major resistance is near the $0.0872 level or the 50% Fib retracement level of the downward move from the $0.0939 swing high to the $0.0804 low, above which the bulls are likely to aim a larger increase toward the key $0.0900 zone in the coming days. Any more gains could set the pace for a move toward the $0.094 level. More Downsides in TRX? If TRX price fails to clear the $0.08350 resistance, it could extend its decline. Initial support on the downside is near the $0.0810 zone and the trend line. The first major support is near the $0.080 level or the 100 simple moving average (4 hours), below which the price could accelerate lower. The next major support is $0.0760. Technical Indicators 4 hours MACD \u2013 The MACD for TRX\/USD is losing momentum in the bearish zone. 4 hours RSI (Relative Strength Index) \u2013 The RSI for TRX\/USD is currently near the 50 level. Major Support Levels \u2013 $0.0810, $0.0800, and $0.0760. Major Resistance Levels \u2013 $0.0835, $0.0872, and $0.090.<\/p>\n","protected":false},"author":67,"featured_media":394314,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83383],"tags":[11808,14463,87837,79513,87838,16505,87822,14262],"class_list":["post-544379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tron-trx","tag-tron","tag-tron-price","tag-tron-trx-analysis","tag-trx-btc","tag-trx-price-prediction","tag-trx-usd","tag-trx-usdt","tag-trxusd"],"acf":[],"yoast_head":"\nTron Price Prediction: TRX Trades Near Key Juncture, Can It Rally Again?<\/title>\n<meta name=\"description\" content=\"Tron price is consolidating near the $0.080 support against the US Dollar. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/uniquehot.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Tron Price Prediction: TRX Trades Near Key Juncture, Can It Rally Again?","url":"http:\/\/uniquehot.com\/news\/tron-trx\/tron-price-prediction-trx-support-0-080\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/tron-trx\/tron-price-prediction-trx-support-0-080\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/08\/crypto-market-altcoins-drop.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/08\/crypto-market-altcoins-drop.jpg?fit=1152%2C768"},"articleSection":"Tron","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["tron","tron price","tron trx analysis","trx btc","trx price prediction","trx\/usd","trx\/usdt","trxusd"],"dateCreated":"2023-07-26T05:43:40Z","datePublished":"2023-07-26T05:43:40Z","dateModified":"2024-06-11T12:46:50Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Tron Price Prediction: TRX Trades Near Key Juncture, Can It Rally Again?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/tron-trx\\\/tron-price-prediction-trx-support-0-080\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/tron-trx\\\/tron-price-prediction-trx-support-0-080\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/crypto-market-altcoins-drop.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/crypto-market-altcoins-drop.jpg?fit=1152%2C768\"},\"articleSection\":\"Tron\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"tron\",\"tron price\",\"tron trx analysis\",\"trx btc\",\"trx price prediction\",\"trx\\\/usd\",\"trx\\\/usdt\",\"trxusd\"],\"dateCreated\":\"2023-07-26T05:43:40Z\",\"datePublished\":\"2023-07-26T05:43:40Z\",\"dateModified\":\"2024-06-11T12:46:50Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/08\/crypto-market-altcoins-drop.jpg?fit=1152%2C768","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/544379"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=544379"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/544379\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/394314"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=544379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=544379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=544379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}