TRON (TRX) is showing signs of short-term compression on the Bollinger Bands, indicating a potential breakout setup.
Currently, the lower Bollinger Band sits around $0.26 — a level where TRX recently bounced. After this bounce, the price started climbing toward the mid-band (mean level) near $0.27. This middle zone typically represents market equilibrium. If TRX aims to continue its bullish momentum, it must decisively break above this mid-range and flip it into support.
When price consolidates within a range and approaches the EQ (equilibrium) zone, liquidity often builds up around that level. Traders reassess their strategies here, leading to possible accumulation near the lower band or distribution near the upper band.
Right now, with TRX hovering near the mid-band, it may attempt to push toward the upper Bollinger Band — typically a distribution zone — which lies around $0.29. This level could serve as the first significant target if the breakout gains strength.
Summary:
TRON is currently experiencing a Bollinger Band squeeze, suggesting a potential volatility expansion in the coming weeks. If it breaks above the mid-range resistance (~$0.27), the next target could be around $0.29. A successful push beyond this resistance could signal a larger breakout from the 1–2 month consolidation structure.
Written by BorisVest
