{"id":140907,"date":"2021-10-06T09:09:26","date_gmt":"2021-10-06T09:09:26","guid":{"rendered":"https:\/\/precoinnews.com\/?p=140907"},"modified":"2021-10-06T09:09:26","modified_gmt":"2021-10-06T09:09:26","slug":"tron-trx-price-analysis-breakout-zone-near-0-1020","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/tron-trx-price-analysis-breakout-zone-near-0-1020\/","title":{"rendered":"Tron (TRX) Price Analysis: Breakout Zone Near $0.1020"},"content":{"rendered":"
TRON price remained well bid above $0.0850 against the US Dollar, similar to bitcoin. TRX price is rising, but it must clear $0.1020 for more upsides.<\/em><\/p>\n After a major decline, tron price found support near the $0.0825 level against the US Dollar. TRX price started a steady increase and it was able to clear the $0.0900 resistance zone.<\/p>\n There was a break above a key bearish trend line with resistance near $0.0900 on the 4-hours chart. The pair was able to settle above the $0.0900 level and the 55 simple moving average (4-hours). It even surpassed the 23.6% Fib retracement level of the key decline from the $0.1228 swing high to $0.0825 low.<\/p>\n It is now facing resistance near the $0.1000 level. The first major resistance is near the $0.1020 level. It is near 50% Fib retracement level of the key decline from the $0.1228 swing high to $0.0825 low.<\/p>\n A close above $0.1000 and $0.1020 is must for a fresh increase. In the stated case, the price could rise towards the $0.1200 resistance in the near term. On the downside, an initial support is near the $0.0920 level. The first major support is now forming near $0.0900 and the 55 simple moving average (4-hours).<\/p>\n Any more losses might call for a sharp decline towards the $0.0820 level. The next major support below $0.0820 could be near the $0.0750 zone. Any more losses could lead the price towards the $0.0620 level in the near term.<\/p>\n <\/p>\n Tron (TRX) Price<\/p>\n The chart indicates that TRX price is now trading above $0.0900 and the 55 simple moving average (4-hours). Overall, the price could start a major increase if there is a clear break above the $0.1020 resistance.<\/p>\n 4 hours MACD \u2013 The MACD for TRX\/USD is slowly losing 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 $0.0920 and $0.0900.<\/p>\n Key Resistance Levels \u2013 $0.1000, $0.1020 and $0.1200.<\/p>\nTron Price Analysis<\/h2>\n
Technical Indicators<\/h2>\n