The price of TRON (TRX) shows a steady increase this week, reaching around $0.347. This article presents an analysis of the current market situation and forecasts for the next few days.
Current TRX Price Analysis
Recent TRX price action reflects a strong uptrend starting from the $0.32 level and reaching $0.351. The TRON chart indicates that after a period of sideways consolidation in late July, the price has begun to set higher lows, suggesting ongoing buying pressure.
Volume and Open Interest
The trading volume has remained steady with intermittent spikes, indicating significant participation from both retail and larger traders. The most significant green volume spike occurred at the beginning of August, confirming the bullish shift.
Open interest has been climbing, currently around $524 million. This suggests that more traders are entering positions rather than closing them, which usually supports continuation.
ChatGPT's TRX Price Forecast
According to ChatGPT’s prediction, TRX is expected to remain bullish this week. If buyers can hold above $0.34 and break through last week’s high around $0.351, we could see movement toward $0.36–$0.37 by the end of the week.
In the current conditions, TRX price shows a positive trend. Additionally, it is essential to monitor support and resistance levels that may affect future market movements.
