Tron Price Eyes More Upsides

Tron price is rising from the $0.1250 zone against the US Dollar. TRX is outperforming Bitcoin and could rise further above $0.1320.

Tron price rallied above a crucial resistance near $0.1300 against the US Dollar. TRX price is outperforming BTC and could continue to rise higher above $0.1320.

Tron price remained well supported after a recent decline in major cryptocurrencies. Bitcoin price dropped below $60,000 and Ethereum price slid below $2,700 once again. Despite this, Tron price held gains above the key $0.1250 support zone.

After forming a high near $0.1314, Tron price seems to be preparing for the next leg of上昇. TRX price rallied well and even cleared a minor resistance at $0.1300. There was a decent bullish move and the price even tested the $0.1315 level. A high is formed at $0.1314 and the price is showing signs of more upsides.

On the hourly chart of TRX/USD (Kraken), there is a key bullish trend line forming with support at $0.1305. The trend line is close to the 23.6% Fib retracement level of the upward move from the $0.1256 swing low to the $0.1314 high.

The price is now trading above $0.1300 and the 100-hourly simple moving average. On the upside, an initial resistance is near the $0.1320 level, above which the price could accelerate higher.

The first major resistance is near $0.1332, above which the price could accelerate higher. The next resistance is near $0.1350. A close above the $0.1350 resistance might send TRX further higher toward $0.1400. The next major resistance is near the $0.1420 level, above which the bulls are likely to aim for a larger increase toward $0.1450 in the near term.

If TRX price fails to clear the $0.1320 resistance, it could start a downside correction. Initial support on the downside is near the $0.1300 zone and the trend line.

The first major support is near the $0.1285 level or the 50% Fib retracement level of the upward move from the $0.1256 swing low to the $0.1314 high, below which it could test $0.1280. Any more losses might send Tron toward the $0.1265 support in the coming sessions.

The relative strength index (RSI, hourly) is above 50 and the moving average convergence divergence (MACD, hourly) is gaining momentum in the bullish zone.

A clear break above a crucial resistance near $0.1320 suggests that the path of least resistance is on the upside. The next major resistance is near $0.1332, above which the price could accelerate higher toward $0.1350.

Tron is outperforming Bitcoin and Ethereum, which both saw fresh declines recently. Tron price held gains well above the $0.1250 support zone and climbed higher from there.

There was a decent move above the $0.1300 resistance zone. TRX price even tested the $0.1315 level. A high is formed at $0.1314 and the price is showing signs of more upsides. There is also a key bullish trend line forming with support at $0.1305 on the hourly chart of the TRX/USD pair.

The trend line is close to the 23.6% Fib retracement level of the upward move from the $0.1256 swing low to the $0.1314 high. The price is now trading above $0.1300 and the 100-hourly simple moving average.

On the upside, an initial resistance is near the $0.1320 level

The first major resistance is near $0.1332, above which the price could accelerate higher. The next resistance is near $0.1350. A close above the $0.1350 resistance might send TRX further higher toward $0.1400. The next major resistance is near the $0.1420 level, above which the bulls are likely to aim for a larger increase toward $0.1450 in the near term.

If TRX price fails to clear the $0.1320 resistance, it could start a downside correction. Initial support on the downside is near the $0.1300 zone and the trend line.

The first major support is near the $0.1285 level or the 5

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