🚀 Analysis and forecast for $TRX: growth prospects? 📈
As of May 20, 2025, at 12:20 EEST, the rate $TRX (TRON) on Binance is $0.2740, with a 4% increase over the last 24 hours. The trading volume for the day is about $700M, and the market capitalization is $23.56B, confirming high interest in the project. The rise may be related to news about a potential ETF listing in traditional markets, as recently mentioned by Justin Sun.
Technically, $TRX shows bullish momentum. On the 4-hour chart, the price has settled above the 50-day moving average ($0.265), which serves as support. However, the RSI (14) at 60 is approaching the overbought zone, which may signal a short-term correction. The nearest resistance is $0.280, support is $0.260. A breakout above $0.280 could open the way to $0.300, but a drop below $0.260 would increase pressure to $0.240.
Forecast: in the short term (until the end of May) $TRX may test $0.280–$0.290, but a correction to $0.260 is possible due to overbought conditions. In the medium term (by July 2025), if volumes are maintained and positive news continues, the price could reach $0.320. The long-term target for 2026 is $0.500, if TRON continues to strengthen its position in DeFi and the entertainment industry.
Outlook? A 4% increase and the current price of $0.2740 look optimistic, but be prepared for a correction. For short-term traders, taking profit at $0.280 might be reasonable, with a stop-loss set at $0.260. Long-term investors should hold their position with a target of $0.320, keeping an eye on ETF news and ecosystem developments. #TRX #Binance #CryptoAdoption
