Tron Price Prediction: TRX Could Surge And Revisit $0.085

Tron price is up over 5% and gaining pace above $0.0725 against the US Dollar. TRX is outperforming Bitcoin and could rise further toward $0.0850. Tron is slowly moving higher above $0.0720 pivot level against the US dollar. The price is trading above $0.072 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.0735 on the 4-hour chart of the TRX/USD pair (data source from Kraken). The pair is likely to continue higher if it clears the $0.0750 resistance level. Tron Price Jumps 5% In the past few days, Tron’s price saw a decent increase above the $0.0675 level against the US Dollar, similar to Bitcoin and Ethereum. TRX climbed above the $0.070 resistance and the 100 simple moving average (4 hours). There was a clear move above the 23.6% Fib retracement level of the key decline from the $0.0849 swing high to the $0.0646 low. Besides, there was a break above a key bearish trend line with resistance near $0.0735 on the 4-hour chart of the TRX/USD pair. TRON price is now trading above $0.072 and the 100 simple moving average (4 hours). On the upside, an initial resistance is near the $0.0750 zone. It is close to the 50% Fib retracement level of the key decline from the $0.0849 swing high to the $0.0646 low. Source: TRXUSD on TradingView.com A close above the $0.0750 resistance might send TRX further higher. The next major resistance is near the $0.0800 level, above which the bulls are likely to aim a larger increase toward the key $0.0850 zone in the coming days. Any more gains could set the pace for a move toward the $0.088 level. Are Dips Supported in TRX? If TRX price fails to clear the $0.0750 resistance, it could correct lower. Initial support on the downside is near the $0.0730 zone and the trend line. The next major support is near the $0.0715 level or the 100 simple moving average (4 hours). The main support is $0.0690, below which there is a risk of a move toward the $0.0650 support. Technical Indicators 4 hours MACD – The MACD for TRX/USD is gaining momentum in the bullish zone. 4 hours RSI (Relative Strength Index) – The RSI for TRX/USD is currently above the 50 level. Major Support Levels – $0.0732, $0.0715, and $0.0690. Major Resistance Levels – $0.0750, $0.080, and $0.085.

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Tron Price Prediction: TRX Trades Near Key Juncture, Can It Rally Again?

Tron price is consolidating near the $0.080 support against the US Dollar. TRX could outperform Bitcoin if the bulls stay active above $0.080. Tron is holding major support near $0.080 against the US dollar. The price is trading above $0.0805 and the 100 simple moving average (4 hours). There is a crucial bullish trend line forming with support near $0.0810 on the 4-hour chart of the TRX/USD pair (data source from Kraken). The pair could start a decent increase if there is a move above the $0.0835 resistance. Tron Price Holds Key Support In the past few days, Tron’s price saw a steady decline from the $0.094 zone against the US Dollar, similar to Bitcoin and Ethereum. TRX traded below the $0.0850 support to enter a short-term bearish zone. The price even declined below the $0.0835 support, but the bulls were active near the $0.080 level. A low is formed near $0.0804 and the price is now consolidating losses. TRX is now trading above $0.0805 and the 100 simple moving average (4 hours). There is also a crucial bullish trend line forming with support near $0.0810 on the 4-hour chart of the TRX/USD pair. On the upside, an initial resistance is near the $0.0835 zone. It is close to the 23.6% Fib retracement level of the downward move from the $0.0939 swing high to the $0.0804 low. Source: TRXUSD on TradingView.com A close above the $0.0835 resistance might send TRX further higher. The next major resistance is near the $0.0872 level or the 50% Fib retracement level of the downward move from the $0.0939 swing high to the $0.0804 low, above which the bulls are likely to aim a larger increase toward the key $0.0900 zone in the coming days. Any more gains could set the pace for a move toward the $0.094 level. More Downsides in TRX? If TRX price fails to clear the $0.08350 resistance, it could extend its decline. Initial support on the downside is near the $0.0810 zone and the trend line. The first major support is near the $0.080 level or the 100 simple moving average (4 hours), below which the price could accelerate lower. The next major support is $0.0760. Technical Indicators 4 hours MACD – The MACD for TRX/USD is losing momentum in the bearish zone. 4 hours RSI (Relative Strength Index) – The RSI for TRX/USD is currently near the 50 level. Major Support Levels – $0.0810, $0.0800, and $0.0760. Major Resistance Levels – $0.0835, $0.0872, and $0.090.

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Tron Price Prediction: PERFECT Time to BUY TRX?

Could Tron truly be the next big thing in the world of cryptocurrencies? Is it the perfect time to buy TRX? Let's analyze.

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Tron Price Prediction: TRX Extends Rally As Bulls Eye $0.08

Tron price is up over 5% and gaining pace above $0.072 against the US Dollar. TRX outperformed Bitcoin and could rise further toward $0.080. Tron is trading in a positive zone above the $0.0720 pivot level against the US dollar. The price is trading above $0.072 and the 100 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.0728 on the 4-hour chart of the TRX/USD pair (data source from Kraken). The pair is likely to continue higher if it clears the $0.0765 resistance level. Tron Price Rallies 5% In the past few sessions, Tron’s price gained pace above the $0.0700 level against the US Dollar, outperforming Bitcoin and Ethereum. TRX broke many hurdles near the $0.072 resistance and the 100 simple moving average (4 hours). The price traded close to the $0.0780 resistance. A high is formed near $0.0768 and the price is now consolidating gains near the 23.6% Fib retracement level of the upward move from the $0.0668 swing low to the $0.0768 high. It is now trading above $0.072 and the 100 simple moving average (4 hours). There is also a major bullish trend line forming with support near $0.0728 on the 4-hour chart of the TRX/USD pair. On the upside, an initial resistance is near the $0.0750 zone. Source: TRXUSD on TradingView.com A close above the $0.0750 resistance might send TRX further higher. The next major resistance is near the $0.0768 level, above which the bulls are likely to aim a larger increase toward the key $0.0800 zone in the coming sessions. Any more gains could set the pace for a move toward the $0.082 level. Dips Likely to be Limited in TRX If TRX price fails to clear the $0.0768 barrier, it could correct lower. Initial support on the downside is near the $0.0728 zone and the trend line. The next major support is near the $0.0720 level or the 50% Fib retracement level of the upward move from the $0.0668 swing low to the $0.0768 high. The main support is $0.0700, below which there is a risk of a move toward the $0.0668 support. Technical Indicators 4 hours MACD – The MACD for TRX/USD is losing momentum in the bullish zone. 4 hours RSI (Relative Strength Index) – The RSI for TRX/USD is currently above the 65 level. Major Support Levels – $0.0728, $0.0720, and $0.0700. Major Resistance Levels – $0.0750, $0.0768, and $0.080.

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Tron’s Ambiguous Future: How high can TRON go?

How will Tron perform in the coming weeks? How high can TRON go? Let's take a look at it.

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TRON Transactions Hit 4.84M As $318M In Trading Volume Comes In – Is TRX Price Ready For $0.1?

TRON is gradually getting its bullish rating back despite the sideways action across the crypto market. TRX price steadied the uptrend after respecting support provided [...]

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Tron Price is about to DOUBLE? THIS Chart confirms…

Tron is showing interesting technicals as prices are about to break a resistance. How high can Tron price reach? Can Tron reach 10 cents?

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TRON As Currency: Kingdom Of The Netherlands To Adopt TRON As Legal Tender

On January 24, Justin Sun, TRON Founder, announced that St. Maarten has expressed his wishes to adopt TRON which is alongside TRON’s goals of massive adoption on a global scale. St. Maarten bares plans of adopting TRON TRX price down by 3.31% Price to peak by Q2 of 2023; could potentially shoot to $0.0973 St. Maarten, also spelled Saint Martin, is a country located in the Kingdom of the Netherlands in the Lesser Antilles, northeastern Caribbean Sea. Related Reading: Solana (SOL) Network On Hyperdrive As TVL And NFT Trade Volume Soars Image: Zipmex Decentralization, The Name Of The Game TRON (TRX) refers to the decentralized open-source blockchain network that allows users to seamlessly connect with each other while also providing them access to a myriad of entertainment applications including graphics, videos, and games. Essentially, decentralization remains the focus of the TRON project which facilitates the smooth transfer of money between users without any interference from financial companies or middlemen. Another milestone for #TRON! St Maarten to adopt TRON as legal tender marks another achievement for our push on worldwide blockchain adoption.https://t.co/HXEnouj0Le — H.E. Justin Sun????????????? (@justinsuntron) January 23, 2023 The contrasting factor lies mainly in TRX unique architecture, as it is dispersed into three categories or layers: the Storage Layer which has a distributed block storage the Application Layer which is mobilized by developers for creating dApps that are used for issuing tokens the Core Layer which consists of varied modules and smart contracts These different layers are interconnected using a protocol that is compatible with multiple programming languages. More so, the network also has built its community which is fostered towards the goal of speeding up the internet’s decentralizations with the use of blockchain and dApps. On December 27, the TRX community merged with the Enterprise Ethereum Alliance (EEA) bandwagon, which is geared towards promoting best practices with the use of Ethereum blockchain technology, enabling real-world applications and processes. TRON As Legal Tender; Social Volume Up With St. Maarten’s announcement declaring the adoption of TRON as legal tender, its native token responded accordingly with metrics looking positive. TRX’s social volume spiked which hints at its booming popularity. More so, TRX also exhibited an increased demand in the futures market with its Binance Funding Rate extremely high. Related Reading: Aptos Climbs 75% – What Keeps APT In The Green In Last 7 Days TRX total market cap at $5.5 billion on the daily chart | Chart: TradingView.com However, the network’s development activity has plunged as seen in the past couple of days which could pose problems for the network. According to CoinMarketCap, TRX price is seen to retreat by 3.31%. The token is trading at $0.06068 as of this writing. Evidently, investors have so much to rejoice about with TRX looking to spike in the next couple of days as seen in the recent market indicators, with the crypto peaking in the Q2 of 2023 or reaching as much as $0.0973. With St. Maarten’s collaboration with TRON, the latter taps into the inclusive and expansive global network which can further boost the island nation’s economy. Featured image by World Atlas

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Tron Shows Bullish Energy And Attracts Investors To Buy TRX

TRON has been on an uptrend and looking bullish for the past 12 hours. The technical indicators all imply an increased demand on the asset and a steady streak.  Here’s a quick glance of how the crypto has been performing of late: TRX price up by 0.20% as of this writing Technical indicators show increased TRX demand TRON second in line in terms of TVL Tron Price Retraces By Half According to CoinMarketCap, TRX price has spiked by 0.20% or is trading at .05529 as of this writing. TRON has tested the key support level of $0.54 several times this month. TRX price has also retraced by 50% or currently at the $0.0578 level as the coin retreated from 0.066 to $0.047. Related Reading: VeChain Jumps By 4% As VET Investors Look To Profit Before Christmas Source: TradingView The Visible Range Volume Profile looked promising too as it showcased the point of control which is at the $0.055 level and with the value area high seen at $0.059. On November 26, TRON retested the key support level of $0.0527. The bullish breaker can be spotted right below this level extending from $0.0527 to $0.0516. Evidently, the price has tried to retest the bullish breaker several times, seeing a visible reaction on every retest performed. TRON has recently disclosed they are second in line in terms of Total Value Locked (TVL), trailing behind Ethereum. It also demonstrated an impressive burn rate which only supports the premise of TRON’s accelerating growth. TRX total market cap at $5 billion on the daily chart | Chart: TradingView.com The frequent retests done on the bullish breakers as well as the higher lows has triggered the formation of a right-angled pattern which could be signaling a breakout northwards on price. On the other hand, Bitcoin is trying to barrel past the mounting pressure experienced at the $17k-$17.4k, which hints that a pullback could give the bulls an opening to go and buy TRX. Related Reading: Why Bitcoin Long-Term Holders Seem To Be Losing Interest In BTC Source: TradingView Tron OBV On The Rise TRX is now being supported, but is failing to make any notable chart moves. Instead, price action is continuing to move sideways within the pennant that formed. Meanwhile, a further rejection would send the TRX price action back down, where it would then attempt to test the support provided by the the ascending trendline. Source: TradingView Should that level be breached, bearish follow-through trading towards $0.051 can be anticipated. Since November, it has been observed that TRON’s on-balance volume has been rapidly increasing, which demonstrates an exceptionally high level of buying pressure. In this case, although the formation of the right-angled pattern hints at an upward breakout, there seems to be another scenario as shown in the flat open interest chart. This suggests that TRX price may have already peaked which means a lack of further momentum could signify a weakening in the trend.

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Tron Price Prediction: Why TRX Could Outperform BTC and ETH

Tron price is up over 5% and showing positive signs above $0.055 against the US Dollar. TRX could outperform bitcoin and rise further towards $0.060. Tron price is trading in a positive zone well above the $0.0520 pivot level against the US dollar. The price is showing positive signs above $0.055 and the 100 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.0530 on the 4-hours chart of the TRX/USD pair (data source from Kraken). The pair is likely to start a fresh increase above the $0.0562 and $0.0575 resistance levels. Tron Price Jumps 5% In the past few days, tron price remained strong above the $0.0520 level against the US Dollar, outperforming bitcoin and ethereum. TRX gained pace for a clear move above the $0.055 resistance and the 100 simple moving average (4-hours). The price traded to a new weekly high at $0.0575 and it is currently correcting gains. There was a move below the 23.6% Fib retracement level of the recent rally from the $0.0519 low to $0.0575 high. Trx price is now trading above $0.055 and the 100 simple moving average (4-hours). It is also above the 50% Fib retracement level of the recent rally from the $0.0519 low to $0.0575 high. On the upside, an initial resistance is near the $0.0562 level. Source: TRXUSD on TradingView.com The next major resistance is near the $0.0575 level, above which the bulls are likely to aim a larger increase towards the key $0.0600 zone in the coming sessions. Any more gains could set the pace for a move towards the $0.0645 level. Dips Likely to be Limited in TRX If TRX price fails to clear the $0.0575 barrier, it could correct lower. An initial support on the downside is near the $0.0550 zone, where the bulls are currently taking a stand. The next major support is near the $0.0540 level and the 100 simple moving average (4-hours). The main support is near the trend line and $0.0530, below which there is a risk of a move towards the $0.050 support. Technical Indicators 4-hours MACD – The MACD for TRX/USD is gaining momentum in the bullish zone. 4-hours RSI (Relative Strength Index) – The RSI for TRX/USD is currently above the 50 level. Major Support Levels – $0.0550, $0.0542 and $0.0530. Major Resistance Levels – $0.0562, $0.0575 and $0.0600.

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Tron Price Prediction – How High will Tron Go in 2025?

TRX prices seem to have stabilized, even increase. How high will Tron go in 2025? Let's analyze in this Tron price prediction article.

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How High can TRON reach in 2050?

TRON can be a good project with high returns in the long run. How high can TRON reach in 2050? Let's analyze in this TRX price prediction.

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TRON Price shoots 30% in an attempt to recover, what’s next for $TRX?

Tron prices recovered 30% in the past 24 hours and reached a current price of 0.06. Will Tron price crash? Let's analyze TRX.

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TRON Overtakes Shiba Inu in Terms Of Market Capitalization

According to data from CoinMarketCap, TRON (TRX) currently overtakes Shiba Inu (SHIB) in terms of market capitalization. TRON also seems ...

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TRON (TRX): Price Updates, Recent Developments, Future Events, Community

TRON, dubbed a decentralized blockchain-based operating system, is one of the largest blockchain projects. As of April 2022, TRON has over 90 million user accounts

Continue reading TRON (TRX): Price Updates, Recent Developments, Future Events, Community at DailyCoin.com.

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Tron USDD stablecoin goes Live! Buy TRX before it MOONS +100%?

Is Tron USDD stablecoin going to affect TRX heavily? Read on to see how you can make a quick buck thanks to TRON!

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While the Crypto Market Dumps, Tron makes +10%! Why is TRX up?

Why is TRX up? Will it retrace lower following other cryptocurrencies? In this TRON price prediction, we'll assess TRX from a technical view.

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Tron Price Prediction – Should You Invest In Tron (TRX) in 2022

Numerous altcoins have entered the cryptocurrency market. TRON (TRX) is one such altcoin that has recently gained a lot of traction. TRON Price has increased immensely in recent times giving high hopes to investors. Due to some of the unique technical elements that it has, it has managed to become one of the most talked-about […]

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Tron Price Prediction: STRONG BUY TRX! Here’s the Indicator

From a technical perspective, TRX is looking heavily bullish. In this Tron price prediction article, we look into the potential TRX upside.

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Tron Price Prediction – Correction is Not Over yet, Beware of THIS!

The post Tron Price Prediction – Correction is Not Over yet, Beware of THIS! appeared first on CryptoTicker.

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