Alright team, let's break down this juicy $TRX chart and see what's cooking on the weekly timeframe. The bullish sentiment is screaming!
Technically, $TRX/USDT has successfully completed the required corrective wave for a major Harmonic Bullish Pattern. The price found substantial support right above the critical $0.2586 level, which has historically been a strong area of accumulation. This zone is providing the perfect launchpad for the next leg up. Our immediate target, confirmed by the pattern's projection, is the major overhead resistance at $0.3982. A weekly close below $0.2500 would invalidate this setup and signal caution.
On the fundamental side, the TRON ecosystem continues its impressive growth trajectory. The network recently hit new highs in Total Value Locked (TVL), driven by robust adoption of its decentralized stablecoin, USDD, and its extremely efficient transaction speeds. This continuous fundamental strength provides a solid backbone for the technical structure we see, suggesting sustainable movement.
My action plan is clear: accumulate at current levels (around $0.28) and target the $0.39 mark for potential profit-taking. This setup offers excellent risk/reward potential for patient holders.
Highly recommend HOLD and Stacking $TRX at Binance
Feel free to comment the altcoin you are holding and we will check it for you!
#TRX #TRON #TechnicalAnalysis #Crypto #BinanceSquare #Bitcoin
