High Momentum Bullish Trend: TRX displays a strong bullish trend with an overhead resistance trendline breakout.
Rounding Bottom Reversal: The recovery trend in the weekly chart indicates a rounding bottom reversal, aiming to surpass a 3-year high.
Potential to Reach $0.20: A bullish breakout could fuel TRX's price to hit the $0.20 mark.
Recovery from $0.050: Following a correction phase in 2022, TRX has been on a reversal rally for the past 15 months.
Anticipation of Altcoin Season: Rising expectations for an altcoin season could significantly boost TRX's price.
151% Rise Since November 2022: TRX's price has risen by 151% from its low point in November 2022.
Neckline at $0.12 Mark: The rounding bottom pattern's neckline coincides with the 78.60% Fibonacci level.
Current Trading Price: TRX is currently trading at $0.1244, with a 2.80% intraday growth.
Technical Indicators - RSI and EMA: The RSI is nearing the overbought territory, and the EMAs show a bullish alignment.
Bullish Trend to $0.15 and Beyond: Maintaining dominance above $0.10 indicates a possible rally to $0.15 and potentially $0.20.
Risk of Reversal to $0.10: A reversal from the $0.12 mark could lead to a price drop back to $0.10.
Rounding Bottom Reversal: The recovery trend in the weekly chart indicates a rounding bottom reversal, aiming to surpass a 3-year high.
Potential to Reach $0.20: A bullish breakout could fuel TRX's price to hit the $0.20 mark.
Recovery from $0.050: Following a correction phase in 2022, TRX has been on a reversal rally for the past 15 months.
Anticipation of Altcoin Season: Rising expectations for an altcoin season could significantly boost TRX's price.
151% Rise Since November 2022: TRX's price has risen by 151% from its low point in November 2022.
Neckline at $0.12 Mark: The rounding bottom pattern's neckline coincides with the 78.60% Fibonacci level.
Current Trading Price: TRX is currently trading at $0.1244, with a 2.80% intraday growth.
Technical Indicators - RSI and EMA: The RSI is nearing the overbought territory, and the EMAs show a bullish alignment.
Bullish Trend to $0.15 and Beyond: Maintaining dominance above $0.10 indicates a possible rally to $0.15 and potentially $0.20.
Risk of Reversal to $0.10: A reversal from the $0.12 mark could lead to a price drop back to $0.10.