Technical Analysis of Currency $TRX : Strong Bullish Signals
"Technical analyses for currency $TRX (TRON) indicate a strong probability of achieving new highs.
Reasons for the Bullish Outlook
Stability Above the Moving Average: The price of TRX maintains its stability above the 50-period moving average (MA50), reflecting the strength of the current upward trend.
Increasing Buying Momentum: The Relative Strength Index (RSI) indicates stability above the 50 level, which reinforces expectations of continued buying momentum and the entry of more buyers into the market.
Breakout from the Classic Triangle Pattern: From a classical technical analysis perspective, the price of TRX has managed to break out from the classic ascending triangle pattern. This breakout is a strong signal for the potential continuation of the rise.
Price Target:
Based on this analysis, the first expected price target for $TRX is at the level of $0.35."