Decoding Tron’s $0.30 breakout – Is a 32% TRX rally ahead?

Key Points

1. TRX traded at $0.3401 at press time, with a Mayer Multiple of 1.28, indicating its price is 28% above its historical average.

2. The breakout above $0.30 opens the door for a potential 32% rally toward $0.45, supported by a steady rise in the Relative Strength Index (RSI) at 68.

3. Funding Rates for TRX remain slightly positive at 0.01%, reflecting a balanced yet bullish bias without extreme spikes.

4. Social Dominance for TRX surged to 1.10%, indicating increased retail participation, which could boost liquidity and short-term momentum.

5. The Long/Short ratio sits at 0.90, with shorts at 52.47% and longs at 47.53%, suggesting cautious optimism among traders.