{"id":122094,"date":"2021-04-21T17:20:14","date_gmt":"2021-04-21T17:20:14","guid":{"rendered":"https:\/\/precoinnews.com\/?p=122094"},"modified":"2021-04-21T17:20:14","modified_gmt":"2021-04-21T17:20:14","slug":"tron-trx-price-analysis-bulls-could-face-hurdles-near-0-15","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/tron-trx-price-analysis-bulls-could-face-hurdles-near-0-15\/","title":{"rendered":"Tron (TRX) Price Analysis: Bulls Could Face Hurdles Near $0.15"},"content":{"rendered":"
TRON price is holding the $0.1200 support zone against the US Dollar, similar to bitcoin. TRX price is now facing an uphill task near the $0.1420 and $0.1500 levels.<\/em><\/p>\n This past week, there was a steady increase in tron price above the $0.1200 and $0.1500 resistance levels against the US Dollar. TRX price even climbed above the $0.1650 level and 55 simple moving average (4-hours).<\/p>\n However, the bulls faced a strong resistance near the $0.1800 zone. A new multi-week high was formed near $0.1801 before the price started a sharp decline. There was a break below the $0.1650 and $0.1500 support levels.<\/p>\n There was also a break below a key bullish trend line with support near $0.1420 on the 4-hours chart. TRX is now trading below the $0.1500 support and the 55 simple moving average (4-hours). A low is formed near $0.1178 and the price is currently correcting higher.<\/p>\n It cleared the 23.6% Fib retracement level of the recent decline from the $0.1801 high to $0.1178 low. An initial resistance on the upside is near the $0.1420 level and the 55 simple moving average (4-hours).<\/p>\n The main resistance is now forming near the $0.1500 level. It is near the 50% Fib retracement level of the recent decline from the $0.1801 high to $0.1178 low. A clear break above the $0.1450 and $0.1500 levels may possibly start a strong increase in the coming sessions.<\/p>\n Conversely, there might be a fresh decline below the $0.1250 level. The next major support is near the $0.1200 level. Any more losses might call for a test of the $0.1050 level.<\/p>\n <\/p>\n Tron (TRX) Price<\/p>\n The chart indicates that TRX price is clearly trading below the $0.1500 support and the 55 simple moving average (4-hours). Overall, the price could correct higher, but the bulls must gain strength above $0.1500 for more gains.<\/p>\n 4 hours MACD \u2013 The MACD for TRX\/USD is slowly gaining momentum in the bullish zone.<\/p>\n 4 hours RSI – The RSI for TRX\/USD is still below the 50 level.<\/p>\n Key Support Levels \u2013 $0.1250 and $0.1200.<\/p>\n Key Resistance Levels \u2013 $0.1420, $0.1450 and $0.1500.<\/p>\nTron Price Analysis<\/h2>\n
Technical Indicators<\/h2>\n