TRX/USDT: Bullish Trend Continuation

[cryptoenthusiast]

Hi!

TRON is showing a very clean structural recovery and is currently trading at $0.2863. After breaking a long-term descending trendline, the price has successfully "engulfed" previous resistance, signaling that the bulls are back in control.

The Setup:
TRX is now trending steadily within an ascending channel. We’ve seen a successful retest of the local support zone near $0.2800, which provided the springboard for this latest leg up.

The Strategy:
The technical bias is strongly bullish as long as the price maintains its position within the rising channel.

Current Price: $0.2863
Target 1: $0.2950 (Recent structural high)
Target 2: $0.3100 – $0.3140 (Major supply zone)

Bottom Line: The trend is your friend here. With the trendline broken and the channel holding firm, we are looking for a continuation toward the $0.2950 level. Any minor dips toward the channel's lower boundary should be viewed as potential accumulation zones.

[chainsniff]

“the bulls are back in control” meanwhile price moved 0.006