$TRX /USDT – Layer 1 Breakout Touches 2025 High! Momentum Accelerating
Momentum Analysis:
$TRX has reclaimed the $0.2633 level with solid +4.94% gains. Backed by high 24h volume of 746.35M TRX and $191.24M USDT, it's pressing into new short-term highs. Price action suggests a strong attempt at continuation if volume sustains.
Long Setup:
Entry Zone: $0.259 – $0.263
Targets:
T1: $0.268
T2: $0.275
T3: $0.282
Stop Loss: $0.249
Breakout Confirmation Level: $0.2633
Key Support: $0.2505
Pro Tip for Traders:
With momentum on Layer 1 coins rising, $TRX offers a low-risk play if BTC remains stable. Monitor MA(5) and MA(10) convergence for signs of strength continuation.
Trading Data Snapshot:
Price: $0.2633 (+4.94%)
24h High/Low: $0.2633 / $0.2499
24h Volume: 746.35M TRX / 191.24M USDT
Order Book Depth:
$0.2644 | $0.2633 | $0.2597 | $0.2551 | $0.2505 | $0.2459 | $0.2412
MA(5): 113.65M | MA(10): 91.53M
Volume: 230.80M
Timestamp: 2025-05-07 21:00
