Tron Price Starts Fresh Increase
Tron’s price has started to move higher from the $0.0720 support zone against the US dollar. It is currently trading above $0.0760 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.0762 on the 4-hour chart of the TRX/USD pair. The pair has the potential to continue climbing higher towards $0.080 and $0.0820.
Main Breakdowns:
– Tron’s price experienced a sharp decline below the $0.0760 support level but found support around $0.0715.
– The price has started a fresh increase and surpassed the $0.0760 resistance level.
– It is currently trading above the 100 simple moving average and there is a bullish trend line forming.
– The next resistance levels to watch are $0.0790, $0.080, and $0.0820.
– A close above the $0.0820 resistance could lead to further gains and a potential move towards $0.0850 and $0.0900.
Hot Take:
Tron’s price is showing signs of bullish momentum, with a strong support level and a potential for further increases. Keep an eye on the resistance levels mentioned and monitor the technical indicators for confirmation of the upward trend. It will be interesting to see if Tron can sustain its current momentum and reach new highs in the coming days.
Newt Bettec emerges as an intellectual voyager at the intersection of crypto analysis, meticulous research, and editorial mastery. Within the digital labyrinth of cryptocurrencies, Newt’s intellect traverses intricate corridors, resonating with seekers of diverse inclinations. His talent for unraveling complex threads of crypto intricacies seamlessly blends with his editorial finesse, transmuting intricacy into an engaging tapestry of understanding. A guiding star for both audacious explorers and curious neophytes journeying through the crypto galaxy, Newt’s insights forge a compass for insightful decision-making amidst the ever-evolving universe of digital assets. With the precision of a wordsmith, they craft a narrative that enriches the evolving chronicle of the crypto cosmos.
