$TRX /USDT Analysis and Target Update

Current Price: $0.3811 (+71.05%)

24h High: $0.4500

24h Low: $0.2212

24h Volume:

TRX: 5.18B

USDT: $1.57B

4h Chart Analysis

$TRX /USDT has experienced a significant rally, reaching a high of $0.4500 before retreating to its current price of $0.3811. While the sharp move upward reflects strong buying momentum, the pullback suggests some profit-taking near resistance levels.

Key Levels to Watch:

Resistance: $0.4000 – A break above this level could retest the 24h high at $0.4500.

Support: $0.3500 – Holding above this level is crucial to maintain bullish sentiment. Below that, $0.3000 could act as a safety net.

Targets:

Short-Term Bullish Target: $0.4000

Extended Bullish Target: $0.4500

Bearish Pullback Target: $0.3500

Trend Outlook:

TRX is currently one of the top gainers, supported by high trading volume and strong market interest. The upward trajectory may continue if TRX breaks resistance at $0.4000. However, traders should remain cautious of potential corrections, particularly if $0.3500 support is tested.

Momentum favors bullish scenarios, but price volatility is likely to persist given the recent rapid movements.

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