TRX/USD technical picture suggests that sideways trading above $0.0120 will take center stage. Tron price correlation with Bitcoin price could see it rally to levels above $0.0250 post-May halving. Tron price has made substantial progress from the dive in March where it hit lows of $0.0070. At the moment TRX/USD is doddering at $0.0126. It has embraced support above $0.0120 and gearing up for a consolidative movement at the Bollinger Band daily middle curve. On the upside, the 50-day SMA is standing in the way of recovery ahead of the critical resistance at $0.0140. On the other hand, the granddaddy of cryptocurrencies, Bitcoin is trading at $6,866. It is slightly in the green with intraday gains of 0.08%. Bitcoin has in recent days retreated from levels above $7,500. The retreat comes just weeks before the halving, which is scheduled to take place in May. Despite Bitcoin lagging its historical pre-halving rally, some experts and cryptocurrency enthusiasts believe that a post-halving rally is still on the table. Tron like other altcoins is still correlated to Bitcoin. Therefore, if Bitcoin rallies towards $10,000 we can also expect significant bullish action with TRX/USD, with a target of $0.025. From a technical perspective, the daily RSI clearly shows that ongoing sideways trading will take center stage. TRX/USD spike above $0.0140 will depend on the ability of the BB daily middle curve support to hold, blocking all selling activities that threaten to retest support at $0.0100. The ongoing consolidation coupled with correlation to Bitcoin price will eventually point XRP in a trajectory towards $0.025. TRX/USD daily chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Gold price forecast: Turns lower from $1,730 FX Street 2 years TRX/USD technical picture suggests that sideways trading above $0.0120 will take center stage. Tron price correlation with Bitcoin price could see it rally to levels above $0.0250 post-May halving. Tron price has made substantial progress from the dive in March where it hit lows of $0.0070. At the moment TRX/USD is doddering at $0.0126. It has embraced support above $0.0120 and gearing up for a consolidative movement at the Bollinger Band daily middle curve. On the upside, the 50-day SMA is standing in the way of recovery ahead of the critical resistance at $0.0140. On the other hand, the granddaddy… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
