SEC acknowledged the staked TRX ETF, boosting optimism for Tron’s market legitimacy.
TRX entered a buying zone, signaling renewed bullish momentum among crypto investors.
Analysts predict TRX could rally 400%, possibly reaching $1.11 in the next bull run.
Big moves may be ahead for Tron's TRX. Investors are watching closely as momentum builds again. A new spark has lit the fuse—this time from the U.S. Securities and Exchange Commission. The SEC acknowledged a 19b-4 filing for a staked Tron ETF from Canary Capital. While the market buzzes with ETF talks, TRX is making a quiet comeback. With technical indicators flashing green, bulls could soon reclaim center stage.
https://twitter.com/Defi_lord002/status/1925790304453415170?t=l5-79JPbFWajy0aMRktOAQ&s=19 TRX Finds Strength Amid ETF Momentum
The SEC’s notice of the staked Tron ETF filing has fueled fresh speculation. Submitted by Cboe BZX Exchange and backed by Canary Capital, this proposal includes Bitgo as custodian. Canary also filed ETF registrations for Hedera, Sui, and Litecoin. The recognition of TRX in these plans gives the coin added credibility. Currently priced at $0.274, TRX has traded sideways for months. Since late 2024, the coin has been stuck between $0.20 and $0.25.
Buy/Sell Pressure Delta, a volume-based indicator, flipped bullish recently. This signals increased buying interest and rising confidence in the token. Traders are starting to eye TRX as a strong candidate for a breakout. Renowned analyst Crypto NL shared a bold prediction on X. He believes TRX could touch $0.60 in the next bull run. Another crypto analyst, Javon Marks, raised the stakes even higher. He pointed to a potential surge to $1.11—a rally of more than 400% from today’s price.
Chart Signals Flash Bullish Momentum
On the daily chart, momentum leans upward. The Relative Strength Index sits near 66, showing moderate strength. This leaves room for more growth before the next correction. Meanwhile, the Bollinger Bands have started to widen. This often signals the early stages of a breakout. TRX price is also testing the upper band, which reflects growing upward pressure. Support currently rests around the 20-day simple moving average near $0.26.
he MACD indicator paints a bullish picture as well. The MACD line now sits above the signal line with a rising histogram. This crossover is widely seen as a bullish sign. Resistance at $0.30 could be the next battleground. A clear break above that level might open the path for rapid gains. Tron is no longer sitting quietly on the sidelines. With technicals aligning and the SEC adding fuel to the narrative, TRX could be gearing up for something bigger.
Patience may finally reward long-time holders. Tron may be preparing to exit a long period of consolidation. Acknowledgement of the staked ETF filing adds serious weight. Technical indicators suggest strong momentum building. TRX could surprise investors as bullish sentiment grows stronger.
