Friends, in this article we will talk about the TRX (TRON) coin, which will show impressive growth in the near future. Why this should happen, and what prerequisites there are for this, you will learn from this review. Go.

1. Let's start with the fact that recently many cryptocurrency projects associated with China are one way or another showing positive dynamics due to the government's intentions to legalize this industry. Even before the announcement of this news, TRX acted as a hedge asset, and from October 2021 to March 2022 it was at the bottom in relation to BTC. Once the dumping of high-risk altcoins began due to large coin splits and the general mood in the financial markets, it was TRX that began to steadily rise in value, with the smart money making BTC simply by holding TRX in their portfolio.

This continued until July of the same year, until the price reached the first key resistance in the pair against BTC in the area of ​​0.00000315-0.00000344. It is also a mirror zone, since during the implementation from January 2018 to July 2019 it acted as a key support. Where did buyers show strength on the weekly timeframe? At the moment, we see that from July 2019 to May 2022, liquidity was collected (accumulated) under the mirror area. The collapse of high-risk altcoins provoked an increase in the price of TRX and a breakdown of the almost 4-year consolidation zone.

The final stage of collecting liquidity is taking place in the area 0.00000269-0.00000344 before the start of the TRX upward trend with the aim of testing the area 0.00000797-0.00000818. It was at these price values ​​that a bull trap was created from April 2018 to June of the same year. Subsequently, the mirror area was confirmed, and then before entering the accumulation area we saw a retest of the values ​​of 0.00000818. which confirms the significance of this area for future price movements.

2. TRON.D. The throne dominance index found its minimum values ​​in January-March 2021 while collecting liquidity within the framework of a symmetrical triangle. In April 2022, there was an impulse exit from the area of ​​this pattern in an upward movement (just when the main panic sales occurred). As in the chart for BTC, the key mirror area was tested in June 2022. Since then, we can observe a reduced volatility of % price values ​​within the framework of the “Flag” trend continuation pattern. The main task of buyers is to bring TRX dominance above 0.68-0.72%, which will be additional confirmation for the development of a further upward trend.

3. TRX/BNB. On the chart for BNB we can see a clear structural diamond. The price is at the bottom of the formation, and the final stage is happening before the BNB begins to flow into TRX for its impulse growth. 4. TRX/ETH. Similar to other pairs, a key resistance zone was tested in April 2022, but there was no exit from consolidation as in the pair against BTC, because Ether price values ​​were too high. Despite this, we see price clamping in the liquid zone of buyer interest, as part of the formation of a symmetrical triangle, where the price is at the final stage before the start of an upward trend, with the goal of breaking through the key mirror area 0.00006468-0.00006749, which also acts as resistance during global consolidation in the zone 0.00001940-0.00006749 from October 2020.

5. TRX/USDT. The most interesting graph. A month after the TRX/USDT pair was listed on Binance, Tron entered a consolidation phase in the area of ​​$0.011-0.038. In February 2021, there was an impulse exit beyond the 2.5-year consolidation range, a retest of the key mirror area was carried out (from where trading started in 2019 before entering the consolidation phase) and further growth, during which, at the time of the impulse growth of the market in March-May 2021, the upper limit of the downward trend was created triangle, which was broken at the bottom on January 27, 2023. The main task of buyers at the moment is to test the zone 0.08000-0.08500 $, and then carry out the final stage of collecting liquidity in the area of ​​0.066-0.085 $ before the start of a long upward trend in the TRON price with updating the absolute maximum in around $0.35.

If we see these movements as the general market trend develops, and this happens relatively quickly, then we can expect that in 2024-2025 TRX will take one of the leading positions, getting into the top 10 cryptocurrency coins.

If you want to receive high-quality analytics and not miss current deals, follow the link in the profile description for updates. #TRX #BINANCE #Greenload #PUMP #China