- Tron (TRX) is consolidating above strong support at $0.25, with over 4.25 billion tokens bought at this level, signaling reduced downside risk.
- A breakout above $0.27 could trigger a rally toward $0.30, supported by bullish technical indicators.
Tron (TRX) has been quietly building strength while consolidating above the crucial $0.25 level, a move that hints at a potential bullish breakout in the near future. Despite broader market uncertainty, TRX remains one of the few top 10 altcoins to post a positive year-to-date (YTD) return, showcasing its resilience and investor confidence.
Over the past few weeks, TRX has traded in a tight range between $0.21 and $0.27, with minimal volatility. According to IntoTheBlock’s In/Out of the Money Around Price (IOMAP) data, over 4.25 billion TRX tokens were accumulated between $0.24 and $0.25 by 3.67 million addresses—forming a formidable support base. This buying activity significantly reduces the likelihood of a major downside move and strengthens the bullish outlook.
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At the same time, the resistance above $0.27 appears weak, with fewer tokens held at a loss in that zone. This lack of selling pressure could clear the path for TRX to challenge higher price levels, particularly toward the $0.30 mark and beyond.
On the technical front, the daily chart shows mixed signals. While the Awesome Oscillator (AO) remains in positive territory—signifying bullish momentum—it has started to flash red histogram bars, hinting at weakening momentum. This suggests the current consolidation phase may persist before any decisive move.
A closer look at the 4-hour chart reveals TRX trading within a symmetrical triangle, typically a continuation pattern. The Moving Average Convergence Divergence (MACD) is currently positive, and the 12-day EMA has crossed above the 26-day EMA—another bullish signal. A breakout above the triangle’s upper trendline could trigger a move toward $0.30, while a breakdown below support may invalidate this outlook.
With strong on-chain support and promising technical indicators, TRX is at a critical juncture. If bulls can maintain control and push above resistance, Tron could be set for its next leg higher in 2025.
