Tron (TRX) Eyes Bullish Breakout as Key Resistance Looms
Tron’s TRX token is showing promising signs of a bullish reversal, with technical indicators pointing to a potential breakout. Currently trading at $0.2464 and boasting a 24-hour trading volume of $404.11 million, TRX has formed a triangle pattern on daily charts—a classic consolidation signal often preceding significant price movements. market participants are closely monitoring the $0.30 psychological level as the next major resistance point, which could determine the token’s short-term trajectory. This development comes amid ongoing uncertainty in the broader cryptocurrency market, making TRX’s potential breakout a focal point for traders and investors alike.
Tron Price Teases Bullish Reversal Amid Market Uncertainty
Tron’s TRX token shows signs of a potential bullish reversal as it approaches a key technical breakout. The coin, currently trading at $0.2464 with a $404.11 million 24-hour volume, has formed a triangle pattern on daily charts—a classic consolidation signal often preceding volatile moves.
Market participants are watching the $0.30 psychological level as the next major resistance point. This comes as the broader crypto market struggles with directional uncertainty, creating divergent opportunities among altcoins.
On-chain metrics suggest growing network activity, fueling speculation about TRX’s ability to outperform during the next market cycle. The token’s 94.92 billion circulating supply creates unique supply dynamics compared to smaller-cap assets.
TRON’s TRX Gains Amid Network Upgrade and Security Scare
TRON’s native token TRX defied a recent security breach to post gains, buoyed by a network upgrade that spurred activity. The token held steady NEAR $0.24, up 7% monthly, even after hackers hijacked TRON DAO’s official X account to push a scam. Investor confidence remained unshaken, with prices trading flat to slightly higher post-incident.
The upgrade catalyzed a surge in blockchain metrics. Daily transactions leapt 15% to over 5.8 million, while trading volumes spiked 40% within hours of implementation. The resilience underscores TRON’s growing ecosystem strength despite intermittent security challenges.
Tron Eyes $0.40 as Tether’s $1B USDT Mint Boosts Momentum
Tron’s TRX holds steady near $0.24 amid a quiet crypto market, resisting a minor 0.91% pullback over the past 24 hours. With a market capitalization of $23.46 billion, the altcoin remains a top-10 contender, showing resilience that hints at a potential breakout.
Technical analysis reveals a consolidation range between $0.21 and $0.2551 on the daily chart. The 50-day EMA provides support, while the bullish alignment of the 50-, 100-, and 200-day EMAs strengthens the case for upward momentum. A decisive move above the upper boundary could pave the way for a rally toward $0.40.
Tether’s recent $1 billion USDT mint on the TRON network adds fundamental fuel to the bullish thesis. The stablecoin issuance underscores Tron’s growing role in facilitating liquidity across crypto markets.
