TRON Price Analysis: TRX Poised for $0.449 Rally if Resistance Breaks

• TRON (TRX) is forming a bullish cup-and-handle pattern, signaling a potential breakout in the near term.
• The price remains above key 50-day and 100-day EMAs, confirming strong upward momentum and buyer control.
• A breakout above the $0.2958 resistance level could spark a 60% rally, with a projected target near $0.4497.
• Lower selling pressure and tightening price action support the likelihood of a bullish continuation.

TRON (TRX) is gaining attention in the crypto space and turning its way towards a bullish trajectory with strong upward potential. TRX is forming a Cup and Handle pattern on its price chart, which often paves the way towards a shift in market trends. After touching its lower low at $0.267, it is moving toward $0.295, known as a strong barrier against bullish reversal. Both traders and investors are closely watching this coin for a massive recovery.

At the time of writing, TRX is trading at $0.2704 with a 24-hour trading volume of $607.3M and a market capitalization of $25.64B. The TRX price over the last 24 hours and over the last week has been hit by market volatility and is moving in downward momentum but showing high potential for the next major rally.