Tron's Token TRX might reach a value of $0.4, according to this specific metric explained below.
Tron (TRX) is currently trading at $0.357, marking a 2.12% drop on the daily charts, but the outlook for the cryptocurrency remains optimistic. Recent analysis suggests that TRX could break above key resistance around $0.35–$0.38, propelling it towards $0.38 and potentially beyond.
According to CryptoQuant analyst Burak Kesmeci, Tron's Futures indicate that TRX has more room for an uptick, especially in the short term. Kesmeci noted that Tron's Futures Volume Bubble Map signals a healthy futures activity, with the metric within the neutral zone at press time. This suggests that long position holders are exiting slowly, as indicated by a drop in Tron's Open Interest from $340 million to $313 million.
Despite this decline in Open Interest, the remaining longs in Tron's futures market are still in the majority, and shorts are in the minority. This imbalance in positioning could contribute to a potential breakout in TRX's price.
Tron's Relative Strength has held in a bullish zone, hitting 74 close to overbought areas. This indicates strong buying pressure, which is further supported by a positive Spot vs Perp Premium and a high RSI. A positive premium precedes rallies as spot buyers are less likely to sell quickly compared to leveraged traders, suggesting that investors are aggressively buying TRX in the spot market.
Tron has been trading within an ascending channel over the past 2 months. Before this retrace, TRX had been on an upward trajectory, increasing by 5.48% and 19% on weekly and monthly charts, respectively. If this spot demand holds while strong longs hold their positions, Tron will continue with the uptrend and could reclaim $0.37 and target $0.4.
However, it's important to note that short-term overbought signals and macroeconomic uncertainties imply potential pullbacks and volatility. Monitoring volume and RSI will be essential for trading decisions, as a sustained break above $0.35–$0.37 with higher than $200 million daily volume and RSI strength could confirm a bullish breakout. Failure to break here could see TRX test support around $0.32–$0.33.
Recent price ranges in the spot markets for TRX are roughly $0.30 to $0.38, with support near $0.30 and resistance near $0.35–$0.38. Technical indicators like RSI near 60 reflect mildly overbought conditions with room for momentum continuation but also possible short-term cooling.
In addition to the technical factors, recent fundamentals such as a $1 billion buyback by the Tron project and a NASDAQ listing announcement have boosted institutional confidence, contributing to an 8% price surge recently. These fundamentals support positive sentiment and potential price targets of $0.37 to $0.45 in the near term, though macro risks call for caution regarding short-term pullbacks.
Longer-term price predictions for the end of 2025 range widely but often center between $0.38 and $0.58 depending on broader market conditions and breakout success. Very long-term forecasts (2030+) extend much higher, but near-term focus remains on breaking key resistance and maintaining momentum.
In summary, TRX is at a technical resistance zone critical for future direction. Spot market strength and futures-related volume suggest that a breakout above $0.35–$0.37 could propel TRX towards $0.38 and beyond soon. However, short-term overbought signals and macroeconomic uncertainties imply potential pullbacks and volatility, making monitoring volume and RSI essential for trading decisions.
Bitcoin's (BTC) technology has been widely compared to Tron (TRX) due to the latter's adoption of similar mechanisms. This comparison is further reinforced by the recent analysis indicating that TRX could follow a similar price trajectory as BTC if it breaks above its current resistance.
Furthermore, the rally in the crypto market seems to be expanding beyond Bitcoin, with Tron's futures market showing potential for an uptick, especially in the short term, much like how altcoins often follow Bitcoin's lead in the crypto market.
