TRON has remained one of the few altcoins showing resilience through the recent market volatility. It has recorded a steady gain of 2.4% in the last week while most large caps bled out.
In a broader trend, it has risen more than 17% in the last month. It is now only 23.82% below its all-time high of $0.43, reached 8 months ago.
What strengthens the bullish thesis of TRX is a surprising fractal from late 2024. It closely resembles the one formed before its previous major rally, a set of higher highs in price.
The price doubled from the top of the 2024 fractal, reaching a peak above $0.40. Today, a similar fractal is forming again.
Even in the last leg, the rally from $0.25 to $0.33 was followed by a healthy pullback to $0.30. Using a Fibonacci extension based on trends in the 2-day chart, this correction seems textbook, and the current structure places $0.34 as a key resistance level.
A clean break above this threshold could set the stage for a rally towards $0.42 (1.618 extension), potentially testing or even breaking the previous all-time high.
If the fractal fully develops, a 100% move would not be off the table, placing TRX near the $0.70 mark.
What reinforces this possibility is a hidden bullish divergence on the daily chart, with the price making higher lows while the RSI trends downward; a continuation signal that supports the persistence of the bullish trend.
Finally, the sentiment around TRON benefited from a very visible moment earlier this month when Justin Sun completed his commercial space flight aboard Blue Origin's NS-34 mission.