TRON price is currently hovering around $0.365 after climbing steadily for several weeks, with buyers remaining in control. The question now is whether this momentum will push the price beyond the crucial resistance level and reach new highs. 📈 ⬆️ ⬇️ 💰 ➡️ 🏆 🤑
The daily chart showcases a clear uptrend with every dip finding strong support on an ascending trendline. Each bounce confirms the bullish structure, with Break of Structure signals further solidifying this positive momentum.
Looking at the daily chart, we see TRX price pushing against the $0.365-$0.370 resistance zone, which is acting as a significant hurdle for its progress. If it breaks through, the next targets appear to be around $0.38-$0.40.
On the daily charts, the bullish strength continues as the MACD shows green bars and the lines are trending higher. This indicates that bullish momentum is building and not yet exhausted.
The 4H chart also highlights TRX’s strong upward trend. The ascending support line, with every pullback being caught near the 50 EMA at around $0.355, has resulted in a consistent price bounce. This demonstrates a textbook uptrend: higher highs and higher lows. As long as TRX stays above the $0.35 level, this bullish setup remains strong.
The RSI is at 63, leaning towards bullish but not yet overbought. This leaves room for one final push before momentum cools down.
Overall, TRON price’s uptrend is one of the cleaner ones in the market right now. If bulls can push through $0.37, we could see a quick extension towards $0.40. On the flip side, if the trendline breaks, it might retreat to the $0.34-$0.33 range.
For now, however, the charts show confidence. TRX price is holding its ground, buyers are in control, and the setup suggests the rally isn’t over just yet. Stay tuned for more updates!