{"id":165004,"date":"2023-09-29T10:59:16","date_gmt":"2023-09-29T05:29:16","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=165004"},"modified":"2023-09-29T10:59:16","modified_gmt":"2023-09-29T05:29:16","slug":"trx-bulls-keeps-pushing-why-rally-isnt-over-yet-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/trx-bulls-keeps-pushing-why-rally-isnt-over-yet-crypto-news\/","title":{"rendered":"TRX Bulls Keeps Pushing, Why Rally Isn\u2019t Over Yet &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><em>Tron price is gaining pace above $0.0850 against the US Dollar. TRX is outperforming Bitcoin and could rise further toward $0.092.<\/em><\/p>\n<ul>\n<li>Tron is moving higher above the $0.0850 resistance level against the US dollar.<\/li>\n<li>The price is trading above $0.0862 and the 100 simple moving average (4 hours).<\/li>\n<li>There is a major bullish trend line forming with support near $0.0855 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 $0.092 or even $0.095.<\/li>\n<\/ul>\n<h2>Tron Price Regains Strength<\/h2>\n<p>In the last Tron price analysis, we discussed the chances of more gains in TRX against the US Dollar. TRX remained stable, outperformed <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-breaks-higher-27200\/\">Bitcoin<\/a>, and traded above the $0.082 resistance level.<\/p>\n<p>The bulls were able to pump the price above the $0.0825 and $0.0850 resistance levels. A high was formed near $0.0879 and the price is currently consolidating gains. The current price action suggests that the price could climb further higher above $0.088.<\/p>\n<p>It is now trading well above the 23.6% Fib retracement level of the upward move from the $0.0820 swing low to the $0.0879 high. TRX is also trading above $0.0865 and the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/trx\/tron-price-prediction-trx-outperform-bitcoin-0-095\/\">100 simple moving average (4 hours)<\/a>. There is also a major bullish trend line forming with support near $0.0855 on the 4-hour chart of the TRX\/USD pair.<\/p>\n<p>On the upside, an initial resistance is near the $0.088 level. The first major resistance is near $0.0920, above which the price could accelerate higher. The next resistance is near $0.095.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Tron-TRX-4.png?resize=1024%2C458\"><\/a><\/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 $0.095 resistance might send TRX further higher toward $0.10. The next major resistance is near the $0.105 level, above which the bulls are likely to aim for a larger increase toward $0.112.<\/p>\n<h2>Are Dips Limited in TRX?<\/h2>\n<p>If TRX price fails to clear the $0.088 resistance, it could start a downside correction. Initial support on the downside is near the $0.0867 zone. The first major support is near the $0.0855 level or the trend line.<\/p>\n<p>The trend line is near the 50% Fib retracement level of the upward move from the $0.0820 swing low to the $0.0879 high, below which it could test the 100 simple moving average (4 hours). The next major support is $0.0830.<\/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 $0.0867, $0.0855, and $0.0830.<\/p>\n<p>Major Resistance Levels \u2013 $0.0880, $0.0920, and $0.0950.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tron price is gaining pace above $0.0850 against the US Dollar. TRX is outperforming Bitcoin and could rise further toward $0.092. Tron is moving higher above the $0.0850 resistance level against the US dollar. The price is trading above $0.0862 and the 100 simple moving average (4 hours). There is a major bullish trend line [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":165005,"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-165004","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\/165004","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=165004"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/165004\/revisions"}],"predecessor-version":[{"id":165006,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/165004\/revisions\/165006"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/165005"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=165004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=165004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=165004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}