{"id":142274,"date":"2021-10-20T09:09:12","date_gmt":"2021-10-20T09:09:12","guid":{"rendered":"https:\/\/precoinnews.com\/?p=142274"},"modified":"2021-10-20T09:09:12","modified_gmt":"2021-10-20T09:09:12","slug":"tron-trx-price-analysis-bulls-could-gain-strength-above-0-102","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/tron-trx-price-analysis-bulls-could-gain-strength-above-0-102\/","title":{"rendered":"Tron (TRX) Price Analysis: Bulls Could Gain Strength Above $0.102"},"content":{"rendered":"

TRON price remained well bid above $0.0950 against the US Dollar, similar to bitcoin. TRX price is rising, but it must clear $0.1020 for more upsides.<\/em><\/p>\n

Tron Price Analysis<\/h2>\n

After a major increase, tron price faced sellers near the $0.1055 level against the US Dollar. TRX price started a downside correction below the $0.0950 level and the 55 simple moving average (4-hours).<\/p>\n

However, the bulls appeared near $0.0920. A low was formed near $0.0915 and the price started a fresh increase. There was a move above the $0.0935 and $0.0950 resistance levels. The price surpassed the 50% Fib retracement level of the downward move from the $0.1055 swing high to $0.0915 low.<\/p>\n

The price is now trading above $0.1000 and the 55 simple moving average (4-hours). The first major resistance is near the $0.1020 level. It is near the 76.4% Fib retracement level of the downward move from the $0.1055 swing high to $0.0915 low.<\/p>\n

A close above $0.1020 and $0.1025 is must for a fresh increase. In the stated case, the price could rise towards the $0.1055 resistance in the near term. Any more gains could set the pace for a larger increase towards the $0.1120 level.<\/p>\n

On the downside, an initial support is near the $0.0985 level. The first major support is now forming near $0.0980. There is also a key bullish trend line forming with support near $0.0985 on the 4-hours chart. Any more losses might call for a sharp decline towards the $0.0915 level. The next major support is near the $0.0850 level in the near term.<\/p>\n

<\/p>\n

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

The chart indicates that TRX price is now trading above $0.1000 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

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 $0.0980 and $0.0915.<\/p>\n

Key Resistance Levels \u2013 $0.1020, $0.1055 and $0.1100.<\/p>\n

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

TRON price remained well bid above $0.0950<\/p>\n","protected":false},"author":3,"featured_media":142273,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nTron (TRX) Price Analysis: Bulls Could Gain Strength Above $0.102 - 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-bulls-could-gain-strength-above-0-102\/\" \/>\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: Bulls Could Gain Strength Above $0.102 - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"TRON price remained well bid above $0.0950\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/tron-trx-price-analysis-bulls-could-gain-strength-above-0-102\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-20T09:09:12+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\/10\/Tron-TRX-Price-Analysis-Bulls-Could-Gain-Strength-Above-0.102-.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=\"2 minutes\" \/>\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-bulls-could-gain-strength-above-0-102\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/tron-trx-price-analysis-bulls-could-gain-strength-above-0-102\/\",\"name\":\"Tron (TRX) Price Analysis: Bulls Could Gain Strength Above $0.102 - 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