$TRX /USDT Showing Strength – Breakout Potential Above $0.2475
Tron ($TRX) continues to ride bullish momentum, now trading around $0.2469, up slightly by +0.49%, but maintaining a strong technical posture. The pair recently touched a local high of $0.2475, and price action suggests it's setting up for a potential breakout.
Market Overview:
- Current Price: $0.2469
- 24H High/Low: $0.2475 / $0.2420
- Volume Surge: 361M TRX in the last 24H shows active participation
Technical Highlights:
- Price remains well-supported above the 7 EMA ($0.2468) and 25 MA ($0.2462), showing short-term bullish control
- The RSI(6) at 66.28 and RSI(12) at 68.08 are close to overbought, but not yet overextended—momentum remains on buyers' side
- A strong series of higher lows since $0.2420 suggests steady accumulation and healthy demand
Trade Idea:
With the consolidation just under the $0.2475 resistance, a breakout above that level could open the door for a quick move toward $0.2520 – $0.2550. However, a failure to break higher could result in a short-term pullback to $0.2440 support.
Entry Zone: $0.2455 – $0.2470
Target 1: $0.2520
Target 2: $0.2550
Stop-Loss: Below $0.2430
Pro Tip:
Volume spikes during the last few candles show renewed buying interest. Keep an eye on whether $TRX can flip $0.2475 into support—confirmation of that could trigger the next impulsive move.
Final Thought:
Tron is grinding higher steadily—not flashy, but technically solid. If bulls stay in control, a breakout could be right around the corner. Patience and tight risk management are key.
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