The article discusses the potential for Tron (TRX) to break past its short-term resistance trendline and experience a bullish rally. Tron has already seen a price increase of 22% in the last 30 days, and the current correction suggests a reversal rally is possible. The TRX price trend in the 4-hour chart shows a falling channel pattern, but the ongoing recovery indicates a positive cycle within this pattern. Tron has already broken above the 200 EMA line and the $0.25 mark, and is currently trading at $0.2568. The 4-hour RSI line also suggests improved bullish momentum. The stability and diversity of Tron's ecosystem, including its stablecoin supply, further reinforce the bullish narrative. If Tron breaks out of the falling channel pattern, it could re-challenge its 52-week high at $0.45, with potential upside of 75%. However, a bearish reversal could lead to a retest of the $0.2251 support level.
- Content Editor ( thecryptobasic.com )
- 2024-12-25
TRX Analysis: Will Tron Break Out for a Massive 2025 Rally?