Above the $0.1050 support level vs the USD, the Tron price is retaining gains. With its current performance, TRX has the potential to surpass Bitcoin's $0.1105 level.
As compared to the US dollar, Tron is gaining ground over the $0.1050 barrier level.
Over the past four hours, the price has risen above both the 100-simple moving average and $0.1065.
The TRX/USD pair is showing signs of a rising channel on the 4-hour chart, with support at $0.1052.
The pair may keep going up, maybe reaching $0.1105 or $0.1200.
Maintaining a Strong Price for Tron
The price of Ethereum fell below $2,200 while the price of Bitcoin fell below $43,500 not long ago. Nevertheless, the $0.1000 support level was enough to keep the Tron price constant. TRX began a new uptrend after forming a base at $0.1020.
The resistance levels of $0.1050 and $0.1055 were overcome. As a result of buying pressure, it has risen over the $0.1028 low, which is half of the distance from the $0.1059 swing high. At the time of writing, TRX was trading over $0.1065, which is also the 100-hour simple moving average.
On the 4-hour chart of the TRX/USD pair, a crucial rising channel is also developing, with support at $0.1052. More gains are likely based on the present price behavior.
The $0.1088 level is a potential first point of resistance on the upswing. From the $0.1059 swing high to the $0.1028 low, it has fallen nearly to the 76.4% Fibonacci retracement level. If the price can break over the first significant resistance level at $0.1105, it may quickly rocket higher.
Forecasting the Value of Tron
About $0.1150 lies the next level of resistance. If TRX manages to conclude the day above the $0.1150 barrier, it can continue its ascent above $0.1200. Once prices break through the $0.1124 barrier, bulls will most likely target $0.1320 as their next target for a greater rise.

Do TRX Dips Have Any Limitations?
The price of TRX can begin a downward correction if it is unable to break through the $0.1105 barrier. Around the $0.1065 zone, you might find first downside support.
Once it breaks below the trend line or the $0.1050 level, $0.1020 might be tested. In the upcoming sessions, Tron may be sent towards the $0.0975 support if any more losses occur.
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Performance Metrics
The four-hour moving average convergence/divergence (MACD) for the TRX/USD pair is moving upwards.
On the four-hour Relative Strength Index (RSI), the TRX/USD RSI is now higher than the 50 level.
Major levels of support are $0.1065, $0.1050, and $0.0975.
The key levels of resistance are $0.1088, $0.1105, and $0.1150.

1 Tron price prediction suggests TRX may consolidate for the base formation.2 TRX price lost the bullish momentum and the price got stuck in a range.3 The 50-day EMA is acting as a crucial support for TRX bulls.
Tron price prediction suggests TRX may spend time in a consolidation range before deciding the next direction. It loses the positive momentum and seems to be getting stuck into the wide range.
In the last two months, buyers tried thrice to break the higher range and expand upward. Yet, the price got rejected and it shows that strong sellers are active who are ready to sell TRX from $0.11000 levels.
Bears found that this crypto is overvalued. So, they chose to sell in the supply zone to show their presence. However, on the lower side, the 50-day EMA is acting as a savior for the bulls.
The trend of Tron is still upward till the price sustains above both the EMAs. Sellers also tried to pull the price downward below the $0.09500 level. Yet, the bulls anyhow managed to defend the boundaries of the demand zone and showed a bounce.
The price action of Tron says that sellers look more active as compared to buyers. So, the lower range support is at risk. Currently, the TRX price is trading at $0.10463 with a one-day downtick of -1.16%.
Will Tron Price Show Range Expansion or Revert Downward?

Source: TRX/USDT daily chart by Tradingview
Tron price performed well in 2023 and generated more than expected returns for its investors. However, for the last two months, the momentum has halted and showing initial signs of correction.
If the TRX crypto price slips below the $0.09500 level, the sellers might take control and trigger the downfall. On the other hand, if the buyers succeed in defending the support, the price might again show a bounce.
The analysis suggests that no sign of range expansion is visible so it’s better to avoid fresh longs.
When the Directional Move Might be Visible in TRX?
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TRX price is turning mild bearish on a daily and weekly chart. The next directional move will be visible when buyers or sellers break either side of the range.
The existing investors should look to cash out a small portion of their investment. Thus, if the correction triggers then a major part of investors’ profits may be sustained. On the other hand, if everything goes well and the price breaks out of the higher range, new swings may be visible.
Conclusion
Tron price prediction suggests range-bound trading sessions are expected in the coming months. If the TRX price drops below $0.09500, the correction might trigger and the trend will reverse downward.
Technical levels
Resistance levels: $0.11318 and $0.12000Support levels: $0.09425 and $0.08948
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