{"id":148020,"date":"2021-12-22T11:08:17","date_gmt":"2021-12-22T11:08:17","guid":{"rendered":"https:\/\/precoinnews.com\/?p=148020"},"modified":"2021-12-22T11:08:17","modified_gmt":"2021-12-22T11:08:17","slug":"tron-trx-price-analysis-bulls-face-uphill-task-near-0-1","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/tron-trx-price-analysis-bulls-face-uphill-task-near-0-1\/","title":{"rendered":"Tron (TRX) Price Analysis: Bulls Face Uphill Task Near $0.1"},"content":{"rendered":"

TRON price started a recovery wave from $0.0750 against the US Dollar, similar to bitcoin. TRX price is recovering, but it must clear $0.0820 for more gains.<\/em><\/p>\n

Tron Price Analysis<\/h2>\n

After facing resistance, tron price started a fresh decline below the $0.0880 level against the US Dollar. TRX price even broke the $0.0850 support level to enter a bearish zone.<\/p>\n

A low was formed near $0.0749 and the price started a recovery wave. There was a break above the $0.0765 level. The price even climbed above the $0.0780 level, but it is still below the 55 simple moving average (4-hours). H<\/p>\n

There was a break above the 23.6% Fib retracement level of the downward move from the $0.0938 swing high to $0.0749 low. An immediate resistance on the upside is near the $0.0820 level and the 55 simple moving average (4-hours).<\/p>\n

There is also a major bearish trend line forming with resistance near $0.0820 on the 4-hours chart. A close above $0.08200 is must for a fresh increase. In the stated case, the price could rise towards the $0.0850 resistance in the near term.<\/p>\n

It is near the 50% Fib retracement level of the downward move from the $0.0938 swing high to $0.0749 low. Any more gains could set the pace for a larger increase towards the $0.1000 level.<\/p>\n

On the downside, an initial support is near the $0.0780 level. The first major support is now forming near $0.0750. The next major is near the $0.0720 level. Any more losses might call for a sharp decline towards the $0.0680 level.<\/p>\n

<\/p>\n

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

The chart indicates that TRX price is now trading below $0.0820 and near the 55 simple moving average (4-hours). Overall, the price could start a major increase if there is a clear break above the $0.0820 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 just above the 50 level.<\/p>\n

Key Support Levels \u2013 $0.0780 and $0.0750.<\/p>\n

Key Resistance Levels \u2013 $0.0820, $0.0850 and $0.0900.<\/p>\n

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

TRON price started a recovery wave from<\/p>\n","protected":false},"author":3,"featured_media":148019,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nTron (TRX) Price Analysis: Bulls Face Uphill Task Near $0.1 - 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-face-uphill-task-near-0-1\/\" \/>\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 Face Uphill Task Near $0.1 - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"TRON price started a recovery wave from\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/tron-trx-price-analysis-bulls-face-uphill-task-near-0-1\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-22T11:08:17+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\/12\/Tron-TRX-Price-Analysis-Bulls-Face-Uphill-Task-Near-0.1-.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-face-uphill-task-near-0-1\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/tron-trx-price-analysis-bulls-face-uphill-task-near-0-1\/\",\"name\":\"Tron (TRX) Price Analysis: Bulls Face Uphill Task Near $0.1 - 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