On the evening of October 28, Brother Tao discusses TRX:

TRX is currently fluctuating around 0.3200, in a critical stage of a tug-of-war between bulls and bears. The short-term trend is influenced by both technical support and on-chain fundamentals, with signals for directional choices gradually emerging.

From a technical perspective, the competition for support and resistance is particularly crucial. Currently, support has been established around 0.3140. If it can stabilize above this level, the upward path will gradually become clearer, with the primary target looking towards the direct resistance near 0.3280. If it successfully breaks through, it is expected to further explore the range of 0.3330 to 0.3590, opening up greater upward space.

On-chain data is releasing positive signals, with the number of active accounts on the TRON network and network income remaining stable, indicating solid ecosystem operation. More notably, the rate of token burning continues to exceed the amount of new issuance, and this deflationary effect is expected to provide underlying support for the price.

Operational reference is to make a bullish move in the range of 0.2935-0.2970, with the upward target first looking at the short-term pressure near 0.3005. If the breakthrough is effective, it can further look towards 0.3040.

Be sure to manage risk well; the above content is for navigation analysis reference #TRX $TRX