Tron is back in the limelight, after a solid breakout above the $0.30 mark, ending months of sideways movement. Over the past 24 hours, TRX price has risen 1.97% to $0.3473, with a 7-day gain of 4.55%. The rally has pushed its market cap to $32.88 billion, while trading volume shot up 37% to $1.06 billion.
The move comes as bulls target higher resistance levels, but technical indicators suggest a possible cooling period ahead. Wondering what potential targets one should look at? Join me as I give you the possible Tron price targets in this analysis.
TRX’s recent price action marks a notable shift from its consolidation phase, which felt like forever. The breakout above $0.30 is acting as a strong bullish trigger. The coin has been supported by the middle Bollinger Band near $0.3407.
In the last 24 hours, TRX hit an intraday high of $0.3484, brushing close to immediate resistance at $0.3486. A decisive close above this level could open the gate for a test of the major resistance at $0.3650. Beyond that, the next target sits at $0.3802, with the all-time high of $0.4407 still a distant bullish goal.
Coming to indicators, the RSI stands at 71.61, entering the overbought zone, which may signal short-term profit-taking. However, as long as TRX holds above its key support levels at $0.3329 and $0.30, the broader bullish structure remains intact.
If selling pressure grows louder, Tron price could revisit the $0.30 support zone, with downside limited to $0.2506. Such a pullback could offer buying opportunities for long-term traders, especially if overall sentiment in the crypto market remains positive.
TRX is trading at $0.3473 with a market cap of $32.88 billion.
Immediate resistance is at $0.3486, followed by $0.3650 and $0.3802.
Yes, the RSI is at 71.61, suggesting overbought conditions and potential for a short-term pullback.
The U.S. Securities and Exchange Commission (SEC) has asked issuers of proposed ETFs tied to…
XRP is attempting to break above the $3 mark after a strong week of accumulation…
Bitcoin (BTC) price experienced a relief rebound on Monday after heavy liquidation of long traders…
The Republic of Kazakhstan through the Ministry of Artificial Intelligence and Digital Development has announced…
The sitting governor of New York Kathy Hochul has announced the departure of Adrienne Harris…
XRP is once again stealing the spotlight as speculation around spot XRP ETFs intensifies. With…