#StrategyTrade The daily chart shows that $TRX has rebounded from key support at $0.2165 to a high of $0.2800 this week. It flipped the crucial resistance level at $0.2584, a level it had struggled to break above several times since January.

Tron has formed an ascending channel and is now a few points below its upper boundary. It has also moved above the 50-day Exponential Moving Average. Meanwhile, the Awesome Oscillator has remained above the zero line since March, while the Relative Strength Index has climbed above the overbought threshold.

Therefore, a move above the upper side of the channel at $0.2800 will point to more gains, potentially to the 2024 high of $0.4467, up by 64% from the current level.