The post Tron ($TRX) Coin Shows Resilience Amid Market Volatility: Will it last Long? appeared on BitcoinEthereumNews.com.

Tron ($TRX) coin is showing resilience amid intense market volatility. The token has maintained a consistent position at $0.20. This however doesn’t mean that bullishness is ahead for Tron coin as larger momentum could be controlled by BTC price action. This volatility results from major sell-offs. However, $TRX demonstrates stable performance, indicating strong support for its current position. Numerous altcoins faced severe price drops while reaching their lowest market levels yet. Tron network retained strong price stability at $0.20. The stability can be mainly attributed to traders maintaining continuous interest in buying Tron, as seen by its rising trading volumes. Consolidation, Breakout, and Descending Triangle Reversal Looking at the Tron chart by the analyst, we see an ascending triangle pattern. This indicates accumulation before a potential trend change occurs. The pattern emerged throughout several weeks as it descended downward while an angled trendline defined its upper boundary. The recent upward price rise has caused a resistance break as buying pressure builds toward the apex of this pattern. Prices reached $0.26 at this point. A significant breakout occurred, indicating that higher prices may follow. This is particularly true when buyers breach the $0.27–$0.28 resistance area. Following a typical bullish signal from this descending triangle pattern, traders may expect price actions to target $0.30–$0.35. Bullish confirmation requires the price to hold the support trendline near $0.22–$0.23. Should a failed breakout occur, momentum may shift when the price returns below this support level. Analysts anticipate a breakout of Tron ($TRX) from a descending triangle pattern. The price has broken the trendline and is now looking for a retest on the level. This comes where there is a large bullish order block (OB) and fair value gap (FVG) zone. The level is considered to be an optimal buying opportunity. This is major because it…

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Filed under: News - @ April 16, 2025 1:22 am