Analyst Predicts 40-45% Bullish Wave

Tron (TRX) is currently attracting a lot of attention from the cryptocurrency market due to its abnormal rise in value. Despite a bearish trend in the general market, TRX has shown itself to be not only resilient but also performs well, especially as it managed to increase in value by 9% in the last week. is very impressive.

According to the latest update, TRX price today is $0.120037 and the trading volume in the last 24 hours is $21.67 billion. This spike in trading volume indicates that there is indeed an increase in interest and activity for this particular asset within the market. Moreover, TRON has a market capitalization of $11.08 billion, making it one of the important players in the cryptocurrency space.

Source: CoinMarketcap

Despite the volatile nature of the crypto market, TRX has maintained its upward trajectory, registering a modest gain of 0.29% over the past 24 hours. This consistent growth amidst market fluctuations further highlights the resilience and strength of TRON’s market performance.

Analysts predict 40-45% bullish wave for Tron (TRX)

Looking at TRON (TRX) from a technical perspective, it has broken through the lower limit of the uptrend channel in the medium to long term. This suggests that the rate of rise may slow initially, indicating the beginning of more lateral movement.

Tron (TRX) has support near the 0.11 mark and faces resistance near 0.14. A negative volume balance means sellers are aggressive while buyers are restrained, putting downward pressure on the currency and undermining its strength.

Nevertheless, recently analysis, renowned cryptocurrency analyst World Of Charts, has delved into the intricacies of Tron (TRX) price movements and provided valuable insights for investors and enthusiasts alike. They took a keen look at market dynamics and highlighted the pivotal moment in confirming the $TRX breakout. This confirmation signals a significant change in the market environment and indicates that TRX is poised for a sustained uptrend.

This assessment by World Of Charts is not just speculation, but a deep analysis based on an understanding of how the cryptocurrency market works. According to their optimistic predictions, TRX could rise further and there could be a very strong bullish wave of 40%-45%. Such expectations are encouraging traders and investors, as they suggest that large profits can be achieved through this business.

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