{"id":160704,"date":"2022-07-20T09:03:08","date_gmt":"2022-07-20T09:03:08","guid":{"rendered":"https:\/\/precoinnews.com\/?p=160704"},"modified":"2022-07-20T09:03:08","modified_gmt":"2022-07-20T09:03:08","slug":"tron-trx-price-analysis-bulls-aim-fresh-run-to-0-075","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/tron-trx-price-analysis-bulls-aim-fresh-run-to-0-075\/","title":{"rendered":"Tron (TRX) Price Analysis: Bulls Aim Fresh Run to $0.075"},"content":{"rendered":"
TRON price started a fresh increase above $0.068 against the US Dollar, similar bitcoin. TRX price could accelerate higher if it surpasses the $0.070 resistance.<\/em><\/p>\n This past week, tron price found support near the $0.0635 level against the US Dollar. TRX price formed a base above the $0.0650 level and started a fresh increase.<\/p>\n It traded above the $0.0665 and $0.0670 resistance levels to move into a positive zone. The price pumped above the 50% Fib retracement level of the downside correction from the $0.0715 swing high to $0.0636 low. It is now trading above $0.0670 and the 55 simple moving average (4-hours).<\/p>\n There is also a major bullish trend line forming with support near $0.0690 on the 4-hours chart. On the upside, TRX is facing resistance near the $0.0695 level. It is near the 76.4% Fib retracement level of the downside correction from the $0.0715 swing high to $0.0636 low.<\/p>\n The first major resistance is near the $0.0715 level. A close above $0.0715 is must for a fresh increase. In the stated case, the price could rise towards the $0.0750 resistance in the near term.<\/p>\n On the downside, an initial support is near the $0.0690 level and the trend line zone. The next major support is now forming near $0.0670 and the 55 simple moving average (4-hours). If there is a downside break below the $0.0670 support, the price might revisit the $0.0650 support. Any more losses might call for a move towards the $0.0635 zone in the near term.<\/p>\n <\/p>\n Tron (TRX) Price<\/p>\n The chart indicates that TRX price is now trading above $0.0670 and near the 55 simple moving average (4-hours). Overall, the price could continue to move up if there is a clear move above the $0.070 barrier.<\/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 above the 50 level.<\/p>\n Key Support Levels \u2013 $0.0670 and $0.0650.<\/p>\n Key Resistance Levels \u2013 $0.0700, $0.0715 and $0.0750.<\/p>\nTron Price Analysis<\/h2>\n
Technical Indicators<\/h2>\n