TRX prices have been under pressure, but analysts predict a potential reversal of trend in the coming days.
Current Situation with TRX
Currently, the price of the TRX token stands at $0.2464 with an intraday trading volume of $404.11 million. With a circulating supply of 94.92 billion tokens, the market capitalization is $23.308 billion. A triangle pattern is noticeable on the chart, indicating an increase in bullish sentiment within the cryptocurrency market.
Tron Price Outlook
If the TRX price can break above the resistance level of $0.25, it could test the upper target of $0.29; with further bullish momentum, it may reach $0.33 this month.
Potential Risks for TRX
Conversely, if bears outpace the bulls, TRX could break below its support, falling to $0.22. If unfavorable dynamics continue, the price may decrease to $0.21.
Considering the current market trends, TRX may experience significant price fluctuations in the coming days, necessitating caution from investors.
