This crypto news article discusses the current state of the cryptocurrency TRON (TRX) and its potential for a rally. TRX has experienced a minor recovery of 0.39% in the past 24 hours but is struggling to bounce back from the recent market crash. The article analyzes TRX's price trend and identifies a falling channel pattern, with the price finding crucial support just above $0.20. The article also highlights a potential double-bottom reversal within the falling channel pattern, supported by a bullish divergence on the daily RSI line. Despite the bearish outlook indicated by lagging spans A and B, there is optimism for a bullish breakout. The article mentions TRON's ranking first on Altrank, reflecting strong community activity and market performance. Based on Fibonacci levels, a channel breakout rally could push TRX prices to the $0.30 mark, suggesting an upside potential of over 30%. However, there is a possibility of TRX dipping below $0.21 and testing the local support trendline, resulting in a 12% drop to the $0.20 psychological level.



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