TRX trades near $0.30 with bullish momentum and rising lows as traders watch for a breakout from its six-month ascending channel.
MACD crossover and positive histogram bars confirm growing momentum while price approaches key resistance inside a stable trend.
Volume remains moderate but may spike if TRX clears resistance, unlocking room for a sharp rally toward potential 2025 highs.
TRON (TRX) shows strength as it trades at $0.287059 on the Kraken exchange. The digital asset posts a minor gain of 0.13%, fueled by positive technical developments. More importantly, TRX now hovers near the upper edge of its six-month ascending channel. The coin is building momentum after bouncing from mid-range support, suggesting a potential breakout if the $0.30 barrier gives way.
Arrows indicate effective recoveries from support, indicating that the price has adhered to both channel boundaries. The dependability of the channel is confirmed by this frequent back-and-forth activity. Also, purchasers show bullish enthusiasm on every drop, as evidenced by the rising lows pattern.
Momentum Builds as MACD Signals Strength
Additionally, the MACD indicator flashes a fresh bullish signal. The MACD line has just crossed above the signal line, hinting at accelerating upward momentum. Consequently, the histogram bars have turned positive, supporting the strength seen in recent price action. Moreover, volume levels reveal bursts of activity during sharp moves, particularly at support and resistance zones.
Source: BATMAN
However, recent volume appears moderate, suggesting traders are waiting for a decisive breakout. Once TRX clears the $0.30 resistance, volume could surge as sidelined buyers rush in. Hence, this breakout zone becomes a major trigger point.
Channel Structure Guides Traders
Since February, TRX has followed an ascending channel pattern. Blue parallel lines define this structure, with the lower line starting near $0.20. The steady climb inside the channel reveals market confidence. Each dip near support has sparked renewed buying, keeping the uptrend.
Moreover, price action remains healthy, with no signs of trend exhaustion. The latest bounce from the mid-channel zone further strengthens the bullish case. If TRX breaks past resistance, it may head toward new 2025 highs.
The post TRX Climbs Higher in Ascending Channel, Bulls Target Fresh 2025 Highs appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
