TRON's value initiated a new uptrend above $0.0750. The potential for TRX's price to surge even higher exists if it successfully breaks through the resistance level at $0.0785. Over the recent days, Tron's price has experienced a consistent rise from the support area at $0.0682 against the US Dollar. The value of TRX remained strongly supported and managed to surpass the $0.0725 range.
After surpassing the levels of $0.0750 and $0.0765, TRON's price continued its upward momentum and entered a favorable territory. However, it encountered resistance in the vicinity of $0.0789, resulting in a high point near $0.0783.
Presently, TRON is undergoing a consolidation phase as it holds onto its gains. It is worth noting that the price remains comfortably above the 23.6% Fibonacci retracement level, calculated from the swing low of $0.0680 to the high of $0.0789. Currently, TRON is being traded above the $0.0770 level, along with the presence of the 100-hourly simple moving average.
#TRON encounters resistance at $0.0785, followed by a major barrier at $0.0800. Breaking above $0.0800 may drive the price towards $0.0820. Further gains could push TRX towards $0.0850, and potentially even $0.0880.
#TRX has initial support at $0.0770, with a significant bullish trend line forming near $0.0760 on the 4-hour chart. The next major support is developing at $0.0750. A break below the $0.0732 support could lead to a revisit of the $0.0720 support. Further losses may prompt a move towards the $0.0682 zone in the near future.
Based on Price Analysis, the TRX has a market value of $6,988,044,958. The coin's 24-hour trading volume is around $275,962,241.
KEY LEVELS :
RESISTANCE LEVEL : $0.07850-$0.08000
SUPPORT LEVEL : $0.07600-$0.07400
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.