- TRON (TRX) is approaching a key resistance at $0.28, and a breakout could drive prices toward the $0.35–$0.45 range.
- Technical indicators remain positive, with an intact uptrend and growing investor attention signaling potential for a major rally.
- Failure to break $0.28 may lead to a pullback toward $0.22, a critical support level tied to past bullish reversals.
TRON (TRX) is moving in an upward direction. If it breaks above its critical hurdle around the $0.28 mark, it will be an opportunity to see that momentum will pick up speed and rapidly relocate to fresh highs. Traders and investors are keeping a close eye on TRX, and the trendline also shows that something is brewing. In case of a successful breakout, it will result in a huge rally.
Currently, TRX is trading at $0.2745 with a 24-hour volume rate of $1.66B and a market cap of $26.04B. The price of TRX has moved up by 5.44% in the last 24 hours and by 9.91% in the last seven days and has high potential for the next big journey.
Source: CoinMarketCap
TRON (TRX) Set for Breakout Towards $0.45 Resistance
A prominent crypto analyst, Andrew Griffiths, highlighted that TRON (TRX) is showing a technical landmark as it sits at a key resistance level just under $0.28. The market is watching this price closely, as it has previously acted as a temporary barrier to bearish movements. A breakout above it would initiate a powerful trend reversal with possible price targets of $0.35 to $0.45.
These levels also represent previous areas of support and resistance and qualify as prime candidates for eventual profit-taking and renewed institutional and retail investor interest. The overall technical framework is positive, with the rising trendline still intact and confirming that the general market attitude towards TRX is positive.
TRX is standing at a pivotal point because the result of the bull and bear standoff is most efficient to determine its direction in the short term. A strong breakout with high volume will power bigger market action and drive TRX to its next level of resistance.
However, the path to its target is not smooth. The $0.28 resistance has proved to be a key hurdle in recent sessions, and a failure to break above it may unleash a wave of selling pressure. If TRX is rejected at this level, the token could fall back to the $0.22 support area, a level that has been the departure point of past bullish breakouts.
Source: X
The fall would refocus the spotlight on trendline support; a clean break below the rising support line would signify a shift in momentum in the market. In such a scenario, technical traders would interpret the move as a bearish reversal and could fuel bearish pressure as short selling gains momentum.
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