{"id":151999,"date":"2023-09-08T10:32:23","date_gmt":"2023-09-08T05:02:23","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=151999"},"modified":"2023-09-08T10:32:23","modified_gmt":"2023-09-08T05:02:23","slug":"trx-regains-strength-as-the-bulls-aim-0-10-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/trx-regains-strength-as-the-bulls-aim-0-10-crypto-news\/","title":{"rendered":"TRX Regains Strength As The Bulls Aim $0.10 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><em>Tron price is gaining pace above $0.0780 against the US Dollar. TRX is outperforming Bitcoin and could rally further above the $0.0800 resistance.<\/em><\/p>\n<ul>\n<li>Tron is moving higher above the $0.0750 pivot level against the US dollar.<\/li>\n<li>The price is trading above $0.078 and the 100 simple moving average (4 hours).<\/li>\n<li>There was a break above a major contracting triangle with resistance near $0.0770 on the 4-hour chart of the TRX\/USD pair (data source from Kraken).<\/li>\n<li>The pair could continue to climb higher toward $0.088 or even $0.10.<\/li>\n<\/ul>\n<h2>Tron Price Breaks Higher<\/h2>\n<p>In the last <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/trx\/tron-price-prediction-trx-bullish-0-078\/\">Tron price prediction<\/a>, we discussed the chances of an upside break against the US Dollar. TRX remained well-bid and stable above the $0.0750 level.<\/p>\n<p>It started a decent increase and broke a few key hurdles near $0.0775, outperforming <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-recovery-26000\/\">Bitcoin<\/a>. There was a break above a major contracting triangle with resistance near $0.0770 on the 4-hour chart of the TRX\/USD pair. The pair even cleared the $0.0785 level.<\/p>\n<p>A high is formed near $0.0793 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $0.0751 swing low to the $0.0793 high.<\/p>\n<p>TRX is trading above $0.078 and the 100 simple moving average (4 hours). On the upside, an initial resistance is near the $0.0795 level. The first major resistance is near $0.080, above which the price could accelerate higher. The next resistance is near $0.088.<\/p>\n<\/p>\n<p>Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/TRXUSD\/\">TRXUSD on TradingView.com<\/a><\/p>\n<p>A close above the $0.0880 resistance might send TRX further higher. The next major resistance is near the $0.095 level, above which the bulls are likely to aim a larger increase toward the key $0.10 zone in the coming days.<\/p>\n<h2>Are Dips Limited in TRX?<\/h2>\n<p>If TRX price fails to clear the $0.080 resistance, it could start a downside correction. Initial support on the downside is near the $0.0780 zone.<\/p>\n<p>The first major support is near the $0.0770 level or the 50% Fib retracement level of the upward move from the $0.0751 swing low to the $0.0793 high, below which the price could accelerate lower. The next major support is $0.0750.<\/p>\n<p>Technical Indicators<\/p>\n<p>4 hours MACD \u2013 The MACD for TRX\/USD is gaining momentum in the bullish zone.<\/p>\n<p>4 hours RSI (Relative Strength Index) \u2013 The RSI for TRX\/USD is currently above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.0780, $0.0770, and $0.0750.<\/p>\n<p>Major Resistance Levels \u2013 $0.080, $0.0880, and $0.100.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tron price is gaining pace above $0.0780 against the US Dollar. TRX is outperforming Bitcoin and could rally further above the $0.0800 resistance. Tron is moving higher above the $0.0750 pivot level against the US dollar. The price is trading above $0.078 and the 100 simple moving average (4 hours). There was a break above [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":152000,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-151999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=151999"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151999\/revisions"}],"predecessor-version":[{"id":152001,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151999\/revisions\/152001"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/152000"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=151999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=151999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=151999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}