š TRON (TRX) ā Trader Flash Breakdown
š¢ Current Price: ~$0.272ā0.294
š 24āHour Range: ~$0.270ā0.298
š Recent Move: Broke above resistance at $0.2875, surged to $0.298, then pulled back to mid-range .
š„ Top Catalysts & Key Drivers
1. šŖ Trump-Backed Stablecoin Launch
World Liberty Financialās USD1 stablecoin launched on Tron. Founder Justin Sun noted itās a āgiant leap for stablecoinsā .
This triggered a ~6% surge as breakout above $0.2875 caught bullish momentum.
2. š On-Chain Growth & TVL Surge
TRONās TVL tops $5āÆbillion, with ~4.5āÆmillion active addressesāboth on growth trajectory reinforcing ecosystem strength .
3. š¹ Derivatives & Whale Accumulation
Open interest in TRX derivatives rose ~8.3% to $329āÆmillion, with net funding positiveāreflecting stronger long-side bet pressure .
4. š Volatility & Technical Pullbacks
Recent drop from $0.277ā$0.270 on heavy volume shows volatilityāyet dip buyers came in strong on support .
RSI nearing overbought and MACD crossover confirms bullish strength .
5. š Medium-Term Forecasts
CoinCodex projects TRX could hit $0.3519 (~+21%) by JuneāÆ16 (~5āÆdays) .
Changelly and Investing.com remain bullish, with medium-term targets ranging $0.30ā$0.45 into 2025 .
š Critical Levels to Trade
Zone Strategy
$0.265ā$0.270 Core support ā dipābuy zone
$0.280ā$0.287 Pre-break range ā reaccumulation area
$0.298ā$0.30 First breakout target ā Fibonacci resistance
$0.32ā$0.35 Momentum target ā aligns with CoinCodex forecast
< $0.265 Breakdown risk ā potential drop to $0.25
šÆ Trader Plan (Aggressive & Event-Driven)
š° Entry: $0.270ā$0.280 (dip and reaccumulation)
š Breakout Buy: $0.298ā$0.30 with volume confirmation
šÆ Targets:
Short-term: $0.30ā$0.32
Mid-term: $0.35ā$0.38 (CoinCodex target)
Stretch: $0.40ā$0.45 (Investing.com bullish scenario)
š Stop-Loss: <$0.265 (tight), or <$0.260 for swing safety