Alright team, let's break down this juicy $TRX chart and see what's cooking. The long-term vision for TRON looks incredibly powerful, and the weekly candles confirm that institutional interest is far from over.
Technical Analysis
On the 1W chart, $TRX/USDT is perfectly respecting the long-term Trendline, bouncing strongly after testing the critical horizontal support zone around $0.2185. This decisive bounce confirms that bulls are stepping in aggressively at current levels ($0.2854). If this momentum continues, we are clearly targeting the major resistance and previous high projection at $0.6000 by 2026, representing a massive potential upside. Maintaining the established trendline is paramount for this sustained bullish thesis.
Fundamental Strength
Fundamentally, TRON continues to impress. The network boasts massive Total Value Locked (TVL) figures and remains a dominant force in stablecoin circulation, competing directly with major chains for daily transaction volume due to its high speed and low fees. Recent metrics show steady growth in active addresses and DeFi participation, providing strong underlying support for the technical breakout.
Action Plan
My strategy here is simple: Accumulate $TRX on dips near the trendline or support zone. This is a robust long-term hold play aiming for the $0.60 target. A weekly close below $0.2185 would necessitate a reevaluation of the bullish outlook.
Highly recommend HOLD and Stacking $TRX at Binance
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