TRX Price Prediction: $0.60 and $0.90 Targets in Sight

#TRX

• Technical Strength: TRX trades above its 20-day MA, with Bollinger Bands hinting at volatility expansion.
• Buyback Catalyst: TRON's $1 billion buyback program adds fundamental support to bullish momentum.
• Price Targets: Rising channel structure suggests $0.60 and $0.90 are achievable if $0.34 resistance breaks.

TRX Price Prediction

TRX Technical Analysis: Bullish Signals Emerging

TRX is currently trading at $0.3416, above its 20-day moving average of $0.32697, indicating a bullish trend. The MACD shows a slight bearish crossover but is nearing convergence, which could signal upward momentum. Bollinger Bands suggest the price is testing the upper band at $0.345458, with potential for a breakout if buying pressure continues.

TRX Market Sentiment: Bullish Momentum Builds

Altcoins, including TRX, are outperforming Bitcoin, with TRON's recent $1 billion buyback fueling optimism. Analysts highlight a rising channel structure targeting $0.60 and $0.90, suggesting strong bullish sentiment. Emma notes, 'TRX's consolidation at $0.34 resistance is a healthy pause before the next leg up.'

Factors Influencing TRX’s Price

Altcoins Outshine Bitcoin as Record Bullish Streak Hits 31 Days

Altcoins are dominating the crypto market with a record 31-day streak of outperforming Bitcoin, according to 10x Research. This marks the longest such period in over a year, surpassing previous highs of 25 days in November 2024 and 19 days in March.

Bitcoin's market dominance has slipped to around 60% since July, even as the total crypto market cap continues to rise. Traders are speculating whether this signals the start of a sustained altcoin season.

The tactical altcoin model from 10x Research remains firmly in 'altcoin-favor' mode, reflecting one of the strongest altcoin runs in months. This shift comes as crypto markets defy typical summer sluggishness.

TRON (TRX) Consolidates at $0.34 Resistance After $1 Billion Buyback Rally

TRON's TRX hovers at $0.34 following an 8% surge triggered by its $1 billion buyback announcement, now facing resistance as traders take profits. The token's RSI at 66.38 suggests neutral momentum with room for upside, while $2.95 million in outflows signals short-term caution.

Market dynamics reveal a tug-of-war between buyback-fueled optimism and technical resistance. The consolidation reflects a pause rather than reversal, with TRON's fundamental support intact. Profit-taking near key levels remains a predictable phase after strong rallies.

TRON (TRX) Price Prediction: Rising Channel Structure Points to $0.60 and $0.90 Targets

TRON is testing a critical resistance level, maintaining a bullish trajectory with minimal pullbacks over the past 90 days. The cryptocurrency has demonstrated remarkable resilience, keeping long-term holders in profit and avoiding significant downturns. A multi-year rising channel, intact since 2019, suggests a potential breakout that could accelerate its upward trend.

TRX trades at $0.34, down 0.94% in the last 24 hours. Its 90-day performance highlights steady gains, with green profit bars dominating the chart. The ecosystem's utility—staking, governance, and liquidity pool participation—encourages holding over speculation, reinforcing the technical strength.

How High Will TRX Price Go?

Based on technical and sentiment analysis, TRX could rally toward $0.60 and $0.90 in the medium term. Key levels to watch: