Tron (TRX) Holds Green as Markets Fall: Can It Keep Going?

Oct 10, 2024 06:00 am Cryptocurrency 10

Tron price is holding gains above the $0.1560 zone against the US Dollar. TRX is outperforming Bitcoin and could start a fresh increase above $0.1600.

Tron is stable and holding gains above $0.1560 against the US dollar.

The price is trading below $0.1580 and the 100-hourly simple moving average.

There is a key bullish trend line forming with support at $0.1585 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 Remains Supported

Recently, Bitcoin and Ethereum saw a fresh decline below $62,000 and $2,400 respectively. However, Tron price remained stable above the $0.1560 support.

The price climbed higher above the $0.160 resistance level. A high was formed at $0.1618 and recently there was a downside correction. The price dipped below the $0.1600 level. There was a ..

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