Tron (TRX) has been trading in a tight consolidation range despite the bullish momentum seen in Bitcoin and other major cryptocurrencies.
Investors and analysts see Tron as a potential breakout candidate due to its strong fundamentals and recent on-chain data showing a re-entry into a buying pressure zone.
Tron's resilience and strong on-chain fundamentals position it well for potential upside as altcoins like TRX are still lagging behind Bitcoin's performance.
On the technical analysis front, Tron is consolidating near critical levels, with support at $0.26 and resistance at $0.28, awaiting a breakout above $0.28 to potentially rally towards $0.30 and beyond.