Tron Demonstrates Signs of Further Upside Potential
Tron (TRX) is trading around $0.2452 this week, in line with the broader crypto market, where Bitcoin (BTC) is down 0.3% to $95,456. However, TRX is showing signs of further upside potential.
After dipping to $0.2000, Tron has rebounded and is once again testing the $0.2500 resistance level—its third attempt at a breakout. The token is also supported by the middle of its ascending channel, forming a strong technical setup that favours an upward move. Given these factors, breaking above $0.2500 appears to be a realistic short-term target.
Fundamentally, Tron has made strides in improving blockchain security. The T3 Financial Crime Unit has acknowledged the Tron Foundation’s efforts to reduce illicit transactions, which could strengthen the network’s reputation and adoption.
If Bitcoin remains above the key $92,000–95,000 support range, TRX is likely to continue its climb towards $0.3000.
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