Skip to content
- TRX hit its first target at $0.2797, marking a +25% gain since the initial setup.
- A healthy pullback suggests TRX could continue higher if resistance levels are broken.
- The bullish trend remains intact as long as support holds above the $0.260–$0.265 range.
TRX shot up since it began trading, going from $0.220 to $0.235 and reaching the initial goal at $0.2797 for a profitable gain of +25%. According to Rose Premium Signals in a recent X post, after hitting the target, TRX gave up a little amount and was again checked by the key breakout points. A simple retracement is usually healthy and may signal that the price will continue to go higher.
Source: X
A short and quick pullback can mean that the market is gathering strength near tough resistance levels which is usual before it breaks out. TRX has approached a point where it could rise further, based on the momentum it has built. There is close attention to indications that the current resistance could be broken in the near future.
As long as the price is above the $0.260–$0.265 range, the bullish trend will remain unbroken. With this support level in place, the company can grow further. If TRX manages to break $0.2797, it could see its price rising toward $0.3254 and $0.3704.
TRX Breakout Potential
A move higher than these levels would probably increase the demand for cryptocurrencies. After a successful breakout, traders should look for signs to confirm it, which will help them decide on new investments or gains. Breakout confirmation is an essential step to capture the upcoming period of growth.
As of press time, TRON (TRX) is trading at $0.269 and its 24-hour trading volume reached $957.64 million. The value of the cryptocurrency rose 1.24% in the last 24 hours, but it has gone down by 0.63% during the past week.
The market is still supporting a positive outlook. Current price levels confirm that a rise in prices might continue if support levels remain intact. With solid support from the way the market is organized, TRX should keep growing in the days ahead.
TRX has hit its initial target, and the setup is still active. Resistance is still above the cryptocurrency, and the overall positive trend continues. It is important for traders to check if the resistance levels have been broken. Such a shift could help TRX rise and hit new, higher prices.
TRX still looks promising, hitting its initial objective and now pulling back in a way that points to more growth. A breakout above the existing resistance levels could show traders that the next move will be upward.
