TRON (TRX) Shows Potential to Surpass $0.35 Resistance Amid Bullish Market Structure
Main Idea
TRON (TRX) is showing strong bullish momentum in 2025, outperforming Bitcoin and targeting the $0.35 resistance level, supported by technical indicators and a strong correlation with Ethereum.
Key Points
1. TRON (TRX) has rallied over 8% since mid-July, outperforming Bitcoin, which declined by 3.5% during the same period.
2. TRON exhibits a strong correlation with Ethereum (0.94), benefiting from Ethereum's market trends and investor sentiment.
3. The altcoin's price action suggests a favorable buying opportunity, with key support at $0.32 and potential to challenge the $0.35 resistance level.
4. Technical indicators, including the Chaikin Money Flow (CMF) and Money Flow Index (MFI), support the continued uptrend for TRON.
5. A decisive break below the $0.32 support level could signal short-term bearishness, warranting caution from traders.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! TRON (TRX) is
Latest News
- XRP Faces Potential Decline Toward $2.50 Amid Weak Investor Confidence, Breakout Above $3 Remains Possible2025-08-02 16:10:58
- BTC Long Position Holds $72.3M Amid Market Decline Despite Massive Profit Erosion2025-08-02 16:10:07
- Bitcoin Retests $112,500 Support Amid Mixed Signals and Key Levels for Potential Next Move2025-08-02 16:09:22
- Federal Reserve Shakeup: Trump’s Chance to Influence Fed Leadership After Quarles Resignation2025-08-02 15:55:02
- Federal Reserve Shakeup: Trump’s Chance to Influence Fed Leadership Amid Quarles Resignation2025-08-02 15:42:32