Analyzing TRON’s 8.8% surge – TRX could hit new highs IF…
Main Idea
TRON (TRX) has surged 8.8% since July 15, 2025, outperforming Bitcoin and Ethereum, with potential to reach new highs if it breaks the $0.35 resistance level.
Key Points
1. TRON's price surged 8.85% since July 15, while Bitcoin dropped 3.5% and Ethereum rose 15.38% in the same period.
2. TRX showed a stronger correlation with Ethereum (0.94) than with Bitcoin (0.74).
3. The $0.32 support zone acted as a rebound point, with bullish indicators like trading volume above the 20-day moving average and CMF above +0.05.
4. A break above $0.35 could push TRX to a new all-time high, but a drop below $0.32 may signal short-term bearishness.
5. The 4-hour chart showed muted momentum, but the 50-period moving average and $0.32 demand zone suggested potential for a bullish reaction.
Description
A price drop below $0.32 would be the first sign of short-term bearishness, which swing traders should beware of.
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