TRX is currently demonstrating a robust uptrend, as it approaches a critical resistance zone. The cryptocurrency is testing the 0.33-0.34 region, which has historically posed challenges since its peak in late 2025. The publication provides the following information: this level is crucial for determining the future trajectory of TRX.
TRX Weekly Chart Analysis
The weekly chart for TRX reveals a consistent pattern of higher lows, indicating a strong bullish sentiment. This upward trajectory is further supported by the cryptocurrency's position above both the 50-week and 100-week moving averages. Following a pullback from a local high of 0.36, TRX found solid support in the 0.27-0.29 range, allowing it to consolidate before making another upward push.
Current Price Action and Supply Zone
As TRX tests the 0.34 area, it encounters a significant supply zone. Notably, this latest price movement has not seen a substantial increase in trading volume, which could suggest potential short-term hesitation or even a rejection before a decisive breakout occurs. Should TRX successfully establish itself above the 0.34 mark, the next target for traders will likely be in the
- 0.38
- 0.40
Recently, TRX has shown a strong uptrend, while Avalanche's AVAX was reported to be stabilizing near $95. For more details, see the article here.
