{"id":131393,"date":"2021-07-07T08:43:09","date_gmt":"2021-07-07T08:43:09","guid":{"rendered":"https:\/\/precoinnews.com\/?p=131393"},"modified":"2021-07-07T08:43:09","modified_gmt":"2021-07-07T08:43:09","slug":"tron-trx-price-analysis-fresh-increase-likely-above-0-07","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/tron-trx-price-analysis-fresh-increase-likely-above-0-07\/","title":{"rendered":"Tron (TRX) Price Analysis: Fresh Increase Likely Above $0.07"},"content":{"rendered":"

TRON price is now showing positive signs above $0.0600 against the US Dollar, similar to bitcoin. TRX price must surpass $0.0700 to continue higher in the near term.<\/em><\/p>\n

Tron Price Analysis<\/h2>\n

After forming a base above the $0.0500 zone, tron price started a fresh increase against the US Dollar. TRX price broke many hurdles near the $0.0620 zone to move into a positive zone.<\/p>\n

It even spiked above the $0.0680 level and the 55 simple moving average (4-hours). However, it failed to continue higher above the $0.0700 resistance zone. A high was formed near $0.0698 before the price started a downside correction.<\/p>\n

It traded below the $0.0650 support zone. There was a break below the 23.6% Fib retracement level of the upward move from the $0.0470 swing low to $0.0698 high.<\/p>\n

However, the bulls were active above the $0.0640 support. The next major support is near the $0.0620 level. Any more losses might call for a drop towards the $0.0585 zone. It is near the 50% Fib retracement level of the upward move from the $0.0470 swing low to $0.0698 high.<\/p>\n

On the upside, the price is facing resistance near $0.0660 and the 55 SMA. There is also a major bearish trend line forming with resistance near $0.0670 on the 4-hours chart.<\/p>\n

A clear upside break above $0.0660 and $0.0670 could open the doors for a sharp increase. The next major resistance is near $0.0700, above which the price could revisit $0.0800.<\/p>\n

<\/p>\n

Tron (TRX) Price<\/p>\n

The chart indicates that TRX price is now trading well above the $0.0620 zone, but it is still below the 55 simple moving average (4-hours). Overall, the price is likely to start a decent increase above the $0.0680 and $0.0700 resistance levels.<\/p>\n

Technical Indicators<\/h2>\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 now above the 50 level.<\/p>\n

Key Support Levels \u2013 $0.0644 and $0.0620.<\/p>\n

Key Resistance Levels \u2013 $0.0670, $0.0700 and $0.0800.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

TRON price is now showing positive signs<\/p>\n","protected":false},"author":3,"featured_media":131392,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nTron (TRX) Price Analysis: Fresh Increase Likely Above $0.07 - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/tron-trx-price-analysis-fresh-increase-likely-above-0-07\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tron (TRX) Price Analysis: Fresh Increase Likely Above $0.07 - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"TRON price is now showing positive signs\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/tron-trx-price-analysis-fresh-increase-likely-above-0-07\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-07T08:43:09+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/07\/Tron-TRX-Price-Analysis-Fresh-Increase-Likely-Above-0.07-.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/tron-trx-price-analysis-fresh-increase-likely-above-0-07\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/tron-trx-price-analysis-fresh-increase-likely-above-0-07\/\",\"name\":\"Tron (TRX) Price Analysis: Fresh Increase Likely Above $0.07 - 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