๐๐๐ซ๐จ๐ง (๐๐๐) ๐๐จ๐ข๐ฌ๐๐ ๐๐จ๐ซ ๐๐จ๐ญ๐๐ง๐ญ๐ข๐๐ฅ ๐๐ซ๐๐๐ค๐จ๐ฎ๐ญ ๐๐๐ฅ๐ฅ๐ฒโ
Tron (TRX) is exhibiting signs of a bullish breakout as the broader market begins to recover. Currently trading at $0.25 after a minor 1.43% dip in the last 24 hours, TRX is testing a key resistance level. The $0.25 mark sits atop a consolidation zone established since February, with strong foundational support at $0.21.
A sustained move above this resistance could flip it into support, reinforcing the bullish momentum. Over the past week, TRX saw a 13% gain from $0.22 to $0.25, backed by increasing buyer interest and consistent bullish candles.
The price currently trades above all major EMAs, with a golden cross forming in early April (20-day EMA crossing the 50-day EMA). Long-term EMAs (100- and 200-day) are trending upward at $0.23 and $0.21, respectively, providing solid support.
MACD indicators also suggest strengthening positive momentum, with a rising histogram and converging MACD and signal lines. Immediate resistance is noted at $0.266, with a potential target of $0.35 on a successful breakout. Downside risk appears limited as long as support at $0.21 holds.
