TRX shows strong bullish momentum following a breakout, with potential growth to $1.11. Analyzing both short-term and long-term perspectives.
Breakout and Triangle Formation
TRX previously surged 714.19% following a consolidation in a symmetrical triangle. This pattern reflected market indecision, but the breakout confirmed the rising trend would continue.
Short-Term Resistance and Potential Pullback
TRX is trading near a key resistance zone at $0.26189, which has led to price rejections before, marking it as critical to watch. There is a potential 3.39% upside before a reversal. However, a decline to $0.22532 is possible, indicating strong liquidity.
Long-Term Outlook
Fibonacci extensions validate the long-term price target at $1.11. Trading above previous consolidation zones reinforces the bullish sentiment.
TRX shows strong bullish momentum with potential growth to $1.11. Short-term fluctuations are possible, but the long-term outlook remains positive.
