Cryptocurrency

Optimism

TRON

<ul>
 <li><a href="https://www.coingabbar.com/en/crypto-currency/tron-trx-prices-usd" title="Tron" class="f-link" rel="noopener noreferrer nofollow">Tron</a> has displayed a bullish breakout from channel patterns, enhancing buyers' confidence.</li>
 <li>The price has soared beyond the moving average lines, setting fresh highs.</li>
 <li>On the weekly chart, TRX shows a strong uptrend, with a 27% increase in 2024, marked by four consecutive bullish weekly candlesticks.</li>
 <li>Since December 2022, TRX has followed an ascending support trend line, with a steeper trend line emerging by September 2023, indicating increased bullish momentum.</li>
 <li>As per <a href="https://www.coingabbar.com/en/price-analysis" title="Coingabbar analysis" class="f-link" rel="noopener noreferrer nofollow">Coingabbar analysis</a>, A close above $0.130 resistance could trigger more buying, potentially pushing TRX towards $0.150 and $0.180 targets.</li>
 <li>However, it's crucial to recognize the risk of sudden rejection at the current price, potentially leading to a 15% decline and a return to the ascending support at $0.111.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $0.15000-$0.18000
SUPPORT LEVEL : $0.11700-$0.10100
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

TRON Price Prediction: Channel Breakout Fuels Bulls Optimism

Coingabbar

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