Can TRON (TRX) Maintain Bullish Momentum to Reach $0.371?
Main Idea
Tron (TRX) is showing bullish momentum with rising demand and strong network activity, suggesting a potential breakout above $0.35, supported by high transaction volume and profitability among holders.
Key Points
1. TRX recorded over 8.29 million USDT transactions last week, indicating deepening adoption.
2. 96.38% of TRX holders are in profit, reducing sell pressure and supporting price stability.
3. TRX is approaching a key resistance zone between $0.344 and $0.351, with the next target at the 1.618 Fib extension at $0.371.
4. The 90-day Spot Taker CVD indicator shows dominant Taker Buy activity, typically preceding sustained rallies.
5. Derivatives data shows bullish momentum, with volume rising 11.77% to $355.86 million and Open Interest (OI) climbing 6.82% to $554.16 million.
Description
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