The article reports that TRX, the native token of the Tron blockchain, is poised for significant upside momentum in the cryptocurrency market. On-chain analytics firm CoinGlass reveals that TRX has a strong bullish sentiment among traders, with 53.50% holding long positions and rising open interest indicating increased participation from intraday traders. Expert technical analysis suggests that TRX has confirmed a breakout and if it maintains above the $0.24 level, it could potentially soar by 30% to reach $0.35. With bullish sentiment dominating on-chain and technical indicators, TRX is expected to experience a significant upward move in the short term. Currently trading near $0.259, TRX has seen a price surge of over 4.15% in the past 24 hours.



Other News from Today