After a successful August, Tron (TRX) token shows stabilization in price action. It yields a YTD return of 48.37%.

Current TRX Dynamics

The TRX token requires a ~6% rise to set a new yearly high and a doubling in value to attain a new all-time high. As the Tron ecosystem sees increased adoption, the question arises: can this altcoin break through obstacles and set a new record?

Tron Technical Analysis

Current trading volume for TRX stands at $373.92 million, with a 2.43% valuation increase, reclaiming the $0.160 mark. TRX has formed a symmetric triangle and has been trading within it since August. The MACD shows consistent green bars on the daily timeframe, indicating a bullish trend.

October Prediction

If the bullish momentum continues, the TRX price could retest the resistance level of its symmetric triangle pattern, potentially rising to $0.1760 this month. Conversely, falling below support levels could lead to a decline toward $0.140.

The future of the TRX token remains uncertain. Price movements will depend on the sustainability of bullish momentum or the strengthening of bearish actions.