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$TRX /USDT Rallying Upward – Is TRON Ready to Break Through Resistance? ⚡🎯
TRON (
$TRX ) is displaying bullish movement on the 1-hour chart, currently trading at $0.1661 with a solid increase of +1.71% in the last 24 hours. With the price testing crucial levels,
$TRX is building up momentum, potentially signaling a continued upward rally. Here’s what you need to watch for in the coming hours!
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Moving Averages & Key Indicators
1. MA(7): 0.1652 – Immediate short-term support, highlighting TRX’s upward momentum.
2. MA(25): 0.1646 – Acting as a supportive base, holding this could signal further strength.
3. MA(99): 0.1634 – Major support, indicating strength as TRX remains above it.
TRX’s movement above these moving averages suggests a buildup in bullish momentum, and the upward trend could continue if it maintains support at these levels.
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Price Targets to Watch for TRX/USDT
🎯 Target 1: $0.1671 – Immediate resistance level; a break above this could spark more buying interest.
🎯 Target 2: $0.1688 – Key resistance where TRX could gather significant volume if crossed.
🎯 Target 3: $0.1700 – A bullish stretch target, indicating a strong rally if reached.
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Caution: If TRX fails to hold support above $0.1640, it could slip back toward $0.1622, signaling a potential pullback. Traders should keep an eye on these critical levels for a clearer trend direction.
Stay tuned, as TRX’s move near these resistance levels could be pivotal for the next phase of its trend!
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