Rolling back to where it initiated a massive surge last December, TRX bounced back briefly and showed signs of strength after establishing support. It currently signals buy and looks set for another major move. After the late 2024 surge that rallied the price to a peak of $0.45, TRX halted buying and rolled over. These rolls caused a deep correction and the market provided over 20% discount after six weeks of trading. The bulls took advantage of it and pushed the price back after dropping to a low of $0.217 in mid-January. As shown on the daily chart, they are slowly getting back on track but their footings are not strong yet. A significant cross above the key $0.3 level should bring retail attention to the market while the bias turns positive. For now, there’s not enough buying volume as it still trades in the bears’ zone in the short term. Failure to push through this key level might result in a dip capable of causing more correction. But looking at the latest setup, the bulls will likely sustain pressure until the price recovers fully to the top. Regardless of that, TRX remains one of the hidden altcoins staging a fresh increase, although trading volatility appears low at the time of writing while it slowly reaccumulates on the daily timeframe. TRX’s Key Level to Watch Source: Tradingview Pushing above $0.275, the next line of interest for the bulls would be the $0.31 resistance. If they scale through $0.37 to the key $0.4 level, the next resistance level to watch for a breakup would be $0.45. The $0.217 level is still standing as support. If the price drops below it, the $0.186 and $0.17 levels would be the next stopover for selling. Key Resistance Levels: $0.275, $0.31, $0.37 Key Support Levels: $0.217, $0.186, $0.17 Spot Price: $0.254 Trend: Bullish Volatility: Low Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: slavstan/ 123RF // Image Effects by Colorcinch
