TRON (TRX) Price: This Cup-and-Handle Pattern Could Trigger a 60% Rally
TLDR
TRON is forming a bullish cup-and-handle pattern with potential breakout above $0.2958 resistance targeting $0.4497
Daily transaction volume has grown from 2.5 million in 2021 to over 9 million today with 96% success rate
TRX briefly spiked 9% following announcement of going public via Nasdaq-listed SRM Entertainment deal
Price currently trading around $0.273, holding above key 50-day moving average support at $0.268
Network demonstrates strong fundamentals with stable block production and cost-effective transaction processing
TRON (TRX) is showing strong technical and fundamental signals as the blockchain network continues to attract increased user activity and developer engagement. The cryptocurrency is currently trading at approximately $0.273 with a market capitalization of $25.64 billion.
The network has experienced tremendous growth in transaction volume over the past four years. Daily transactions have surged from 2.5 million in 2021 to over 9 million today, according to analyst data. This exponential increase reflects growing confidence in TRON’s infrastructure as a scalable blockchain alternative.
What sets TRON apart from other high-throughput blockchains is its transaction success rate, which has remained above 96% throughout this growth period. This reliability addresses common criticisms faced by other networks where failed transactions can inflate volume metrics.
📊 Tron keeps growing and demonstrate operational stability.
The Tron blockchain has seen a steadily accelerating and exponential rise in daily transaction volume, particularly since 2021.
Over this period, the number of daily transactions has increased from approximately 2,5… pic.twitter.com/eEaj9kVclO
— Darkfost (@Darkfost_Coc) June 17, 2025
The blockchain’s block production has remained stable and linear, demonstrating operational consistency even as global transaction fees rise. Users continue to view TRON as a cost-effective solution for their blockchain needs.
From a technical analysis perspective, TRX is forming a classic cup-and-handle pattern on its daily chart. This formation is typically viewed as a bullish continuation signal by traders. The cryptocurrency has been steadily climbing since hitting a low of $0.20 in February.
Market Structure and Support Levels
The price remains positioned above key exponential moving averages, including the 50-day and 100-day EMAs. This positioning indicates that buyers maintain control of the market momentum. The 50-day simple moving average currently sits around $0.268, providing immediate support.
The 100-day and 200-day simple moving averages are located around $0.252 and $0.253 respectively. Both continue to trend upward and act as dynamic support levels, confirming the medium to long-term bullish trend remains intact.
TRX recently experienced a sharp price spike following news that founder Justin Sun reached a deal with Nasdaq-listed SRM Entertainment. Under this agreement, SRM will acquire TRON-related tokens and rebrand as Tron Inc., with Sun serving as an adviser. The announcement briefly pushed TRX up over 9% toward $0.30.
However, escalating geopolitical tensions in the Middle East have created volatility across the broader cryptocurrency market. This uncertainty has pulled TRX back to pre-announcement levels, despite the positive fundamental news.
Technical Outlook and Resistance Levels
The key resistance level traders are watching sits at $0.2958, marking the edge of the current cup pattern. A clean break above this level could trigger a measured move targeting approximately $0.4497, representing a potential 60% gain from current levels.
TRX is on a steady uptrend, rising from $0.20 (Feb) to $0.2743 today! Price above 50-day & 100-day EMAs shows bulls in charge. Forming a cup-and-handle pattern—handle developing. Break above $0.2958 could spark a 60% rally to $0.4497! 🚀📈 #Tron #TRX #Crypto #BullRun 💪 pic.twitter.com/99FK9so2ZL
— Doge Developer (@wave_impact) June 17, 2025
This price target is calculated using the traditional cup-and-handle measurement method, where the depth of the cup is added to the breakout price. The handle formation shows reduced selling pressure, which typically occurs before a breakout attempt.
Volume patterns support the technical setup, with trading volume surging during the recent breakout attempt before cooling during the current consolidation phase. This behavior is expected as the market digests the recent price action.
The cryptocurrency maintains a higher low structure within a broader uptrend that began in late March. As long as TRX holds above the $0.268 support level, bulls may attempt another push toward $0.285 and potentially retest the recent high near $0.30.
Current trading volume stands at $607.3 million over the past 24 hours, indicating continued interest from both retail and institutional participants. The combination of strong on-chain metrics and technical setup positions TRON favorably for potential upward movement if market conditions stabilize.
The post TRON (TRX) Price: This Cup-and-Handle Pattern Could Trigger a 60% Rally appeared first on CoinCentral.
Filed under: News - @ June 19, 2025 10:27 am