🔥🔥🔥 #TRON Price Prediction: TRX Silently Grinds Higher, $0.18 Next?

Tron's price is surging above the $0.120 resistance against the US Dollar, showing strong performance compared to Bitcoin and potentially aiming for further gains above $0.140.

Tron is steadily advancing above the $0.122 resistance level against the US dollar.

The price has risen above $0.1350 and the 100 simple moving average (4 hours).

A significant #bullish trend line is forming, with support around $0.1382 on the 4-hour chart of the TRX/USD pair (data sourced from Kraken).

The pair appears poised to continue its upward trajectory, possibly targeting levels around $0.165 or even $0.180.

- Tron's Strength Resurges

Amidst positive movements in Bitcoin and Ethereum, Tron has maintained its bullish momentum, progressively climbing above the $0.120 resistance zone.

The upward trend saw Tron surpassing key levels at $0.128 and $0.132, eventually reaching a new multi-week high at $0.1400, where it currently consolidates its gains. The price remains above the 23.6% Fib retracement level of the recent upward swing from the $0.1309 swing low to the $0.1400 high.

Trading above $0.1350 and the 100 simple moving average (4 hours), Tron also benefits from the support of a crucial bullish trend line forming around $0.1382 on the 4-hour chart of the TRX/USD pair.

Looking ahead, initial resistance is at $0.140, followed by a stronger barrier at $0.1420. A breakthrough could target $0.1650, then $0.1720 and $0.180. Failure to breach $0.140 may lead to corrections. Support at $0.1380, $0.1350, and $0.1320, with potential downside towards $0.1250. The 4-hour MACD shows increasing bullish momentum, while the RSI is above 50, indicating positive sentiment. Key levels to watch: support at $0.1380, $0.1350, $0.1320; resistance at $0.140, $0.1650, $0.180.

Source - newsbtc.com

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