TRON trades at $0.3693, posting a 9.20% gain over the past week.
Long-term trendline support continues to guide TRX's upward trajectory.
$1 target gains traction after breakout from multi-year consolidation zone.
TRON (TRX) has moved onto $0.3693 with its bullish momentum continuing as it rose by 9.20% over the last 7 days. The cryptocurrency is in its long-term uptrend and the $1 remains within range of investors tracking technical price action.
Long-Term Growth and Technical Structure
TRON’s price journey from $0.0068 at launch to $0.36 as of writing, reflects over 50x growth. This performance is built on a steady technical foundation supported by a strong ascending trendline dating back to early 2020.
This trendline, labeled “Support Always Holding” in Crypto Patel’s chart, has acted as a resilient base through multiple market phases. All retests resulted in a further continuation of higher highs and higher lows that kept the bullish momentum alive.
TRON traded in a horizontal band in mid-2021 to early 2023 between about $0.045 and 0.12. It was a buildup that established the preludes to a breakout leading to a more vigorous upward movement.
Breakout and Price Acceleration
The breakout above the multi-year consolidation zone confirmed renewed buying interest. TRX has since respected the ascending trendline, signaling disciplined trend continuation.
In 2024, the price maintained steady growth along this line, with measured pullbacks offering support for further upside. This consistency has attracted attention from traders seeking long-term setups.
Recent gains above $0.20 and the move to $0.36 reflect increased volume and participation. The market structure suggests potential for further advances if momentum holds in the coming months.
Target Levels and Market Outlook
Crypto Patel’s projection identifies a target zone between $0.75 and $0.80, with $1 seen as a realistic milestone. The price path outlined in the chart shows a gradual rise, potentially including corrections before continuation.
Once TRX clears the $0.80 resistance, limited historical supply zones could allow for faster movement toward the $1 level. This threshold is also a psychological point for many market participants.
As of the time of writing, trading volume of $1,705,873,478 supports the idea of sustained interest. Short-term fluctuations are expected, but long-term structure remains intact under current market conditions.
