Skip to main content

TRON’s Next Move: Breakout on the Horizon?

TRON (TRX) is quietly building momentum, and all eyes are now on its next move. 

TRX Chart (Source coingecko)

Currently trading at $0.246, TRX has shown impressive resilience, holding above the $0.24 support zone even amid broader market fluctuations. 

With a 24-hour trading volume of $1.01 billion and a market cap of $23.39 billion, TRON remains one of the most actively traded and capitalized projects in the market.

What the Numbers Say

TRX is down just -0.51% in the last 24 hours, indicating a stable consolidation phase rather than weakness. 

It’s trading just below the recent cycle high of $0.258, with a bullish sentiment across most indicators. 

The Fear & Greed Index reads 65 (Greed), a strong signal that investors are willing to take on risk, often a precursor to bullish moves.

Since its all-time high of $0.442 in December 2024, TRX has retraced, but it hasn’t broken below its cycle low of $0.205, which now serves as a key long-term support. 

The bounce from that level and consistent higher lows point to renewed accumulation.

Key Levels to Watch

  • Immediate Resistance: $0.258
  • Breakout Target Range: $0.30–$0.32
  • Strong Support Zone: $0.23–$0.24

If TRON successfully breaks above $0.258, the next target could quickly become the $0.30 to $0.32 range. 

Sustained bullish momentum may push it even further toward $0.35 or higher in the coming weeks.

Final Thoughts

With market sentiment on its side and price action forming a bullish structure, TRX could be preparing for a sharp move upward.

Prediction: A clean break above $0.258 could lead TRX toward $0.30+, with strong support backing the move. Keep this one on your radar.


Join my Telegram channel for daily free signals Get expert trade signals on:


πŸ”Ή️Bitcoin (BTC)

πŸ”Ή️Gold (XAU/USD)

πŸ”Ή️WTI Crude Oil

Plus, Account Management Services available!

                                    πŸ‘‡

We only trade the most reliable currency pairs:


πŸ”Ή️USD/JPY

πŸ”Ή️EUR/USD

πŸ”Ή️GBP/USD

πŸ”Ή️GBP/CHF

πŸ”Ή️EUR/CHF

πŸ”Ή️NZD/USD

Join Now πŸ‘‡

https://t.me/bwtinternational

Comments

Popular post

Why Is Bitcoin Going Up? BTC Hits $97K After Buy Signal

Bitcoin (BTC) is going up, reaching $97,000 on January 14, 2025. It dropped below $90,000 on Monday, which worried some people. The price is rising because of a strong buy signal at $92,000. Experts think Bitcoin could reach $103,000 or even its highest price of $108,000 soon. Could Bitcoin reach $1 million? Some say it’s possible, but others think it will stay lower in 2025. 

Ethereum Heading Towards $4,000:

Big Potential Ahead! Ethereum is close to hitting $4,000, following a strong rising trend. Experts believe that if ETH breaks its past high of $4,500, it could reach $5,000–$5,500 in the next bull run. Some even predict ETH could hit $6,000–$7,000 if it continues to rise. Hold tight—big gains could be coming!

πŸš€ XRP Price Update – Is a Breakout Coming?

XRP is trading at $2.81, up 1.89% in the last 24 hours.  With strong resistance at $3.00,  a breakout could push XRP toward $3.20 or its ATH $3.38+! Key levels to watch: πŸ”Ή Resistance : $3.00 - $3.20 (Break = πŸš€) πŸ”Ή Support : $2.50 - $2.20 (Pullback zone) πŸ”Ή Sentiment : Bullish, but Fear & Greed Index at 50 (Neutral) A breakout above resistance will confirm further upside momentum.