Tron Price Survives The Storm: Can TRX Climb Further??

Aug 30, 2024 06:00 am Cryptocurrency 77

Tron price is holding gains above the $0.1550 zone against the US Dollar. TRX is outperforming Bitcoin and could start a fresh increase above $0.1620.

Tron is stable and holding gains above $0.1550 against the US dollar.

The price is trading below $0.1620 and the 100-hourly simple moving average.

There is a key rising channel forming with support at $0.1595 on the hourly chart of the TRX/USD pair (data source from Kraken).

The pair could continue to climb higher toward $0.1620 or even $0.1650.

Tron Price Eyes Fresh Increase

Recently, Bitcoin and Ethereum saw a fresh decline below $60,000 and $2,650 respectively. However, Tron price remained stable above the $0.1550 support.

A low was formed near $0.1554 and the price started a decent upward move. There was a move above the $0.1585 resistance level. The price climbed above the 23.6% Fib retracement level ..

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