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Tron (TRX) Rockets Past Resistance: Whatâs Next? Tron (TRX) is on a tear, breaking above the $0.1150 resistance against the US Dollar. With TRX outpacing Bitcoin, could it soon surpass $0.1180? Key Highlights: - Tron breaks $0.1150 resistance, trading above $0.1155 and the 100-hour simple moving average. - Bullish trend line support at $0.1160 on the TRX/USD hourly chart (Kraken data). - Potential targets: $0.1200 and $0.1220. While Bitcoin and Ethereum dipped below $68,500 and $3,750, Tron held firm above $0.1120, then surged past $0.1150. TRX climbed over 3%, hitting a high of $0.1170 and stabilizing above the 23.6% Fib retracement from $0.1102 to $0.1170. Currently, TRX is trading above $0.1160 and the 100-hourly SMA, with a bullish trend line at $0.1160. Immediate resistance is at $0.1170, with major resistance at $0.1180. A break above $0.1200 could propel TRX to $0.1225 and potentially $0.1320, targeting $0.150. Support Levels: If TRX faces rejection at $0.1200, look for support at $0.1160. Major supports are at $0.1150 and $0.1140, with further downside possible to $0.1136. Technical Indicators: - Daily MACD: Bullish momentum. - Daily RSI: Above 50, indicating strength. Support Zones: $0.1160, $0.1150, $0.1136. Resistance Zones: $0.1180, $0.1200, $0.1220. Tronâs impressive rally places it ahead of other altcoins. Keep an eye on key resistance levels to gauge the next big move. @Zone Vhai #IOprediction #Binance200M #TopCoinsJune2024 #BTC #TRON $TRX
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