Breakout Alert! Tron (TRX) Poised for 30% Rally
overall Cryptocurrency The market seems to be recovering. After that, TRX is a local token of the TRON blockchain, which is expected to get huge upper time. The reason for this positive prospect is that the price action of the bullish and the interest of traders’ interest in alternative currency continued to rise, according to the chain analysis company Coinglass.
TRX’s optimistic chain indicator
according to Small shopThe long/short ratio of TRX is currently 1.15, indicating that the trader’s bullish mood is strong. Data further show that 53.50 % of top traders hold longer positions, while 46.50 % of traders hold short positions.
In addition, in the past 24 hours, TRX’s open interest (OI) has increased by 15 % in the past four hours, while 7.9 % has increased by 7.9 %. The rise of OI hints that the participation of traders has increased within the day of the day, and further supports the prospects of watching the bullish.
TRON (TRX) technical analysis and upcoming level
According to expert technical analysis, TRX has confirmed the breakthrough of its dual base price action model, and further violates the key trends that have been facing since December 2024. In addition, TRX emotions have completely shifted from decline to rising trends to rising trends. Essence
According to the recent price actions and historical motivation, if TRX maintains its own level higher than $ 0.24, it may reach 30 % at a level of $ 0.35 in the next few days. However, Altcoin’s relative strength index (RSI) is currently 55, indicating that TRX is still in the area where it can be greatly rally.
With the chain and technical indicators dominated by bullish emotions, when TRX moves significantly in the short term, TRX looks good.
Current price motivation
TRX’s current transaction price is close to $ 0.259, and prices have risen more than 4.15 % in the past 24 hours. During the same period, its transaction volume increased by 5 %, and it seemed to gradually rise, which showed that the participation of traders and investors increased compared with the day before.
