TRON (TRX) Price: Technical Indicators Show Continued Bullish Momentum as Token Trades at $0.30

While the lack of recent news regarding TRON might imply market stability, it also means that TRXs price movement is currently being driven primarily by technical factors and broader market sentiment. The absence of external catalysts suggests that traders are relying heavily on technical signals to guide their strategies.

TRX is trading near the upper Bollinger Band ($0.31) with a %B value of 0.8255, highlighting strong bullish momentum and potential for a breakout if it breaches resistance levels. The Average True Range (ATR) stands at $0.01, indicating relatively low volatility, which may appeal to risk-averse traders.

The breakout above $0.30 is particularly significant as it clears a psychological resistance level that had capped TRX since late 2024. Holding this zone as support in the coming sessions would strengthen the case for continuation toward higher targets.

At present, TRONs price stands at $0.3026, maintaining its position above key support levels while testing resistance. The cryptocurrency appears well-positioned to continue its upward trajectory as it benefits from increasing stablecoin activity on its network.

The post TRON (TRX) Price: Technical Indicators Show Continued Bullish Momentum as Token Trades at $0.30 appeared first on Blockonomi.