TRON (TRX) Price Analysis: Technical Indicators Signal Strong Bullish Momentum Toward $0.3715 Target

TRON (TRX) is demonstrating significant bullish momentum in current market conditions, with technical analysis pointing toward substantial upside potential. Currently trading at $0.34, the cryptocurrency faces immediate resistance at $0.35 while maintaining solid support at $0.33. Market analysts project a potential 12% price appreciation that could propel TRX to reach $0.3715 by early November 2025, representing a significant milestone for the digital asset. The optimistic forecast is reinforced by CoinCodex's October 4th analysis, which cites structured technical patterns and growing market confidence in TRON's underlying fundamentals. The cryptocurrency's current positioning suggests that a decisive breakout above the $0.35 resistance level could trigger accelerated upward movement, potentially exceeding the projected target. This bullish sentiment is further supported by the cryptocurrency's consistent performance and increasing adoption within the decentralized finance ecosystem. As TRON continues to expand its network utility and developer activity, the technical signals align with fundamental growth prospects, creating a compelling case for sustained price appreciation. Market observers are closely monitoring TRX's price action, particularly as it approaches key resistance levels that could determine the short to medium-term trajectory. The convergence of positive technical indicators and growing ecosystem development positions TRON as one of the standout performers in the cryptocurrency market, with the $0.3715 target representing just the beginning of what could be a more extensive bullish cycle.

TRX Price Prediction: TRON Targets $0.3715 by November 2025 Amid Bullish Technical Signals

TRON (TRX) is gaining momentum with a projected 12% upside potential, according to recent technical analysis. The cryptocurrency currently trades at $0.34, with immediate resistance at $0.35 and support at $0.33. A breakout could propel TRX toward $0.3715 by early November, aligning with bullish forecasts from analysts.

CoinCodex's October 4th analysis reinforces this optimism, citing structured upward trajectories across multiple timeframes. Short-term targets hover NEAR $0.3528 (+3.8%), while medium-term projections eye $0.3715 by November 2nd. The $0.3786 level remains a key year-end benchmark, contingent on sustained momentum.

TRON Breakout Signals Potential TRX Rebound Toward $0.40

TRON [TRX] has entered a cooling phase, marked by reduced trading volumes and price consolidation. Historical patterns suggest this could be an accumulation zone, similar to setups in July 2021 and October 2024, which preceded rallies exceeding 100%. The current reaccumulation phase offers a calm before potential price expansion.

On the daily chart, TRX is forming an inverse head-and-shoulders pattern, supported by an ascending trendline since mid-August. Neckline resistance stands at $0.355, with support zones between $0.331 and $0.335. A confirmed daily close above $0.355 could propel TRX toward $0.373 and $0.40, echoing historical breakout levels.

Futures data confirms buying pressure, with each dip attracting demand. The market's reduced volatility and compressed volume highlight a balance, setting the stage for a potential upward impulse if momentum returns.

S&P to Launch New Index Tracking Crypto Assets and Public Companies

S&P Dow Jones Indices, a division of S&P Global, is set to introduce the S&P Digital Markets 50 Index, a benchmark tracking 15 cryptocurrencies and 35 companies deeply involved in the digital asset ecosystem. The index will exclude meme coins, focusing instead on infrastructure providers, financial services, and blockchain applications.

Dinari, a platform specializing in tokenized U.S. securities, plans to issue a token mirroring the index. This MOVE comes as crypto-related equities have surged in 2024, reflecting growing institutional interest in digital assets.

"Cryptocurrencies and the broader digital asset industry have evolved from niche to mainstream financial instruments," said Cameron Drinkwater, Chief Product & Operations Officer at S&P Dow Jones Indices. The new index suite aims to provide standardized metrics for evaluating this rapidly maturing sector.