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Day: August 24, 2023

Tron (TRX) Surges Past Resistance Levels, Outperforms Bitcoin in a Bullish Rally Towards $0.0820

Tron (TRX) Surges Past Resistance Levels, Outperforms Bitcoin in a Bullish Rally Towards $0.0820

Tron (TRX) is experiencing a rise in price and is trading above $0.0760 against the US Dollar. It has outperformed Bitcoin and shows potential for a further rally towards the $0.0820 resistance level.  Tron’s price has rebounded from the $0.0720 support zone and is currently trading above $0.0760 and the 100 simple moving average (4 hours). There is a bullish trend line forming with support near $0.0762 on the TRX/USD 4-hour chart. If the price continues to climb, it could reach resistance levels at $0.080 and $0.0820. A close above the $0.0820 resistance level may lead to even higher gains, with the next major resistance near $0.0850. However, if TRX fails to clear the $0.080 resistance, a downside correction could occur. Initial support levels are at $0.0760 and $0.0745, with the next major support at $0.0715. Technical indicators such as the 4-hour MACD and RSI suggest a bullish momentum for TRX/USD. Source: NEWSBTC