Tron’s native cryptocurrency TRX has surged past the $0.30 psychological barrier, currently trading at $0.3401. The breakthrough is supported by robust technical indicators pointing to sustained upward momentum.
The Mayer Multiple reading of 1.28 confirms TRX is trading 28% above its 250-day moving average, indicating a healthy bullish trend. The Relative Strength Index (RSI) near 68 reinforces strength without immediate overbought concerns, creating potential for further gains toward the $0.45 resistance level.
Market sentiment shows growing interest as TRX Social Dominance has increased to 1.10%, reflecting heightened community engagement. Derivative markets display cautious optimism with slightly positive funding rates at 0.01%, while the Long/Short ratio of 0.90 suggests short positions dominate at 52.47%. This imbalance could accelerate upward momentum through short covering if TRX maintains its trajectory.