{"id":12777,"date":"2024-10-10T05:08:48","date_gmt":"2024-10-10T05:08:48","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=12777"},"modified":"2024-10-10T05:08:48","modified_gmt":"2024-10-10T05:08:48","slug":"tron-trx-holds-green-as-markets-fall-can-it-keep-going","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=12777","title":{"rendered":"Tron (TRX) Holds Green as Markets Fall: Can It Keep Going?"},"content":{"rendered":"

Tron price is holding gains above the $0.1560 zone against the US Dollar. TRX is outperforming Bitcoin and could start a fresh increase above $0.1600.<\/em><\/p>\n

Tron is stable and holding gains above $0.1560 against the US dollar.
\nThe price is trading below $0.1580 and the 100-hourly simple moving average.
\nThere is a key bullish trend line forming with support at $0.1585 on the hourly chart of the TRX\/USD pair (data source from Kraken).
\nThe pair could continue to climb higher toward $0.1620 or even $0.1650.<\/p>\n

Tron Price Remains Supported<\/h2>\n

Recently, Bitcoin<\/a> and Ethereum<\/a> saw a fresh decline below $62,000 and $2,400 respectively. However, Tron price remained stable above the $0.1560 support.<\/p>\n

The price climbed higher above the $0.160 resistance level. A high was formed at $0.1618 and recently there was a downside correction. The price dipped below the $0.1600 level. There was a move below the 23.6% Fib retracement level of the upward move from the $0.1555 swing low to the $0.1618 high.<\/p>\n

TRX price is now trading above $0.1580 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $0.1585 on the hourly chart of the TRX\/USD pair. The trend line is close to the 50% Fib retracement level of the upward move from the $0.1555 swing low to the $0.1618 high.<\/p>\n

<\/a><\/p>\n

On the upside, an initial resistance is near the $0.160 level. The first major resistance is near $0.1620, above which the price could accelerate higher. The next resistance is $0.1650. A close above the $0.1650 resistance might send TRX further higher toward $0.1685. The next major resistance is near the $0.1700 level, above which the bulls are likely to aim for a larger increase toward $0.1720 in the near term.<\/p>\n

Are Dips Supported in TRX?<\/h2>\n

If TRX price fails to clear the $0.1600 resistance, it could start a downside correction. Initial support on the downside is near the $0.1585 zone and the trend line.<\/p>\n

The first major support is near the $0.1570 level, below which it could test $0.1550. Any more losses might send Tron toward the $0.1520 support in the coming sessions.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 The MACD for TRX\/USD is losing momentum in the bullish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for TRX\/USD is currently below the 50 level.<\/p>\n

Major Support Levels \u2013 $0.1585 and $0.1570.<\/p>\n

Major Resistance Levels \u2013 $0.1600 and $0.1620.<\/p>","protected":false},"excerpt":{"rendered":"

Tron price is holding gains above the $0.1560 zone against the US Dollar. TRX is outperforming Bitcoin and could start a fresh increase above $0.1600. Tron is stable and holding gains above $0.1560 against the US dollar. The price is trading below $0.1580 and the 100-hourly simple moving average. There is a key bullish trend […]<\/p>\n","protected":false},"author":0,"featured_media":12778,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-12777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/12777"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12777"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/12777\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/12778"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}