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

Gold vs US Dollar

Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

Get Started

Name	Symbol	Market	Market Cap ($)	Algorithm
TRON	TRXUSD	Crypto	12,093,676,698	Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.000179	-0.13%	0.137385	0.137385	0.137416

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.137743	0.136943	0.137564	0.137564	0.071373 - 0.144371

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	14:54:36	373.95	0.137385	USD

Price x Volume	Volume	Base Symbol	Related Pairs
36,184.56	263,616.42	TRX	TRXEUR	TRXGBP	TRXBTC

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

21/02/2024 4:58am

NEWSBTC

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. Tron is moving higher above the $0.122 resistance level against the US dollar. The price is trading above $0.1350 and the 100 simple moving average (4 hours). 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). The pair could continue to climb higher toward $0.165 or even $0.180. Tron Price Regains Strength Recently, Bitcoin and Ethereum 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. Source: TRXUSD on TradingView.com 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. Are Dips Supported in TRX? 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.

1 Year TRON Chart

1 Year TRON Chart

1 Month TRON Chart

1 Month TRON Chart

Delayed Upgrade Clock

Support: +44 (0) 203 8794 460 | support@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions