search
Homeweb3.0Tron (TRX) Resumes Bullish Impulsive, Technically Back in an Upward Range

Tron (TRX) Resumes Bullish Impulsive, Technically Back in an Upward Range

Aug 12, 2024 pm 06:52 PM
tron TRX Price Analysis Prediction Bullish Reaccumulating

Today, most altcoins across the crypto market appear calmer after charting a significant gain in the past few days. Mid-cap token like Tron is waxing

Tron (TRX) Resumes Bullish Impulsive, Technically Back in an Upward Range

Most altcoins across the crypto market are charting a significant gain. Mid-cap token Tron (TRX) is showing strength with no signs of slowing down.

After crossing into the second half of July on a positive note, TRX went through a الكبير reduction. Closing the month bearishly, it continued posting losses until the price reached $0.117.

Considering that selling period as a major retracement phase, the price bounced off this price level after a strong re-accumulation and resumed bullish impulsive at full speed.

As you can see on the chart below, the price looks very strong as it continues gaining tractions daily. The latest surge in volatility is almost reaching the $0.131 level, where the price broke in the last leg down.

A clear push above this price level should facilitate a bigger surge. If a rejection occurs, we can expect a slight drop from there before resuming bullish. But with the look of things, the bulls should scale through it.

Looking at the bigger picture, TRX is technically back in an upward range, maintaining a higher high and higher low pattern. The price is expected to break to a new multi-month high in the next couple of days.

TRX’s Key Levels to Watch

On the way up, the key resistance area to watch for a breakup is the $0.1395 – $0.142 level that formed a double-top last month, followed by $0.144. A break above it should propel buying to $0.155 and $0.17.

In case of a pullback, the nearest support level for a test is $0.127. Other supports are $0.1215 and $0.117. If they fail to contain pressure, May’s low would be the next level to watch.

Key Resistance Levels: $0.1395, $0.144, $0.155

Key Support Levels: $0.127, $0.1215, $0.117

The above is the detailed content of Tron (TRX) Resumes Bullish Impulsive, Technically Back in an Upward Range. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
XRP, HYPE, ONDO Are Showing Fresh Signs of LifeXRP, HYPE, ONDO Are Showing Fresh Signs of LifeApr 11, 2025 am 11:08 AM

Altcoins are showing fresh signs of life following Trump's 90-day tariff pause, and three names in particular—XRP, HYPE, and ONDO—are catching investor attention.

Best Crypto Casinos for Instant Withdrawal 2025Best Crypto Casinos for Instant Withdrawal 2025Apr 11, 2025 am 11:06 AM

What sounds better: winning big and then waiting days for the money to arrive, or playing at crypto casinos with instant withdrawal?

Nasdaq Files to List VanEck Avalanche (AVAX) Trust ETFNasdaq Files to List VanEck Avalanche (AVAX) Trust ETFApr 11, 2025 am 11:04 AM

This new financial instrument would track the token's market price, with a third-party custodian holding the underlying AVAX

This guide is for informational purposes only. The token(s) discussed as potential rewards may not have launched yet or may never launch.This guide is for informational purposes only. The token(s) discussed as potential rewards may not have launched yet or may never launch.Apr 11, 2025 am 11:02 AM

This guide is for informational purposes only. The token(s) discussed as potential rewards may not have launched yet or may never launch.

Woman Regains More Than $35000 Lost in a Cryptocurrency ScamWoman Regains More Than $35000 Lost in a Cryptocurrency ScamApr 11, 2025 am 10:58 AM

CINCINNATI, OH — A 73-year-old Delhi Township woman has regained more than $35,000 lost in a cryptocurrency scam, thanks to the quick action of local police and a specialized unit within the Ohio Bureau of Criminal Investigation (BCI)

Remittix (RMX) Price Prediction is at a Crossroads TodayRemittix (RMX) Price Prediction is at a Crossroads TodayApr 11, 2025 am 10:56 AM

Remittix, a new DeFi token, can be one of the best cryptos to put your money in this year, according to most.

Dogecoin (DOGE) Price Reversal Sets the Stage for a New All-Time HighDogecoin (DOGE) Price Reversal Sets the Stage for a New All-Time HighApr 11, 2025 am 10:54 AM

After a long-running streak of breaking down from support levels, Dogecoin (DOGE) is set to reverse the trend.

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. Best Graphic Settings
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. How to Fix Audio if You Can't Hear Anyone
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
WWE 2K25: How To Unlock Everything In MyRise
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌

Hot Tools

WebStorm Mac version

WebStorm Mac version

Useful JavaScript development tools

Dreamweaver Mac version

Dreamweaver Mac version

Visual web development tools

PhpStorm Mac version

PhpStorm Mac version

The latest (2018.2.1) professional PHP integrated development tool

MantisBT

MantisBT

Mantis is an easy-to-deploy web-based defect tracking tool designed to aid in product defect tracking. It requires PHP, MySQL and a web server. Check out our demo and hosting services.

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment