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TronWeekly
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TRON Price Analysis: TRX Poised for $0.449 Rally if Resistance Breaks
- TRON (TRX) is showing a bullish cup-and-handle pattern, indicating a potential breakout.
- The price is above key EMAs, suggesting strong upward momentum and buyer control.
- A breakout above the $0.2958 resistance level could lead to a 60% rally towards $0.4497.
- Lower selling pressure and tightening price action support a bullish continuation.
- TRX is gaining attention in the crypto space with upward potential.
- It is forming a Cup and Handle pattern, signaling a potential market trend shift.
- Traders and investors are monitoring TRX for a significant recovery.
- At $0.2704, TRX has a 24-hour volume of $607.3M and a market cap of $25.64B.
- TRX has been steadily climbing to $0.2743 from $0.20 in February, riding a strong uptrend.
- The coin remains above the 50-day and 100-day EMAs, indicating buyer confidence.
- A cup-and-handle pattern on the daily chart suggests a bullish continuation.
- TRX is eyeing a breakout above $0.2958, with potential for a 60% gain towards $0.4497.
- Momentum is positive, and a lack of selling pressure bodes well for TRX's upward movement.
- If TRX surpasses $0.2958, it may attract new buyers and gain momentum in the altcoin market.
- Supportive indicators suggest TRX could be a significant player in the coming weeks.
- TRX's potential for upward movement is attracting attention in the crypto space.
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