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Cryptocurrency News Articles
TRON (TRX) Price Analysis: Will the Resistance at $0.25 Be Broken?
Jan 17, 2025 at 07:32 am
TRON (TRX) price has maintained its resilience and rebounded from the 100 day EMA mark. As large investors poured their money, it captured market attention in the recent sessions.
TRON (TRX) price showed immense strength on January 14 as it rallied by over 7% in a single day. The上昇币种 price began the day at $0.2398, continuing its bullish trend from the past week. TRX price also gained steam as large investors showed interest in the token with a 54% surge in 24-hour trading volume.
At the moment, TRX price is in a key zone and could be setting the stage for a breakout rally. But where will TRX price go next? Let’s take a look at the latest TRX coin price analysis to determine the key levels, technicals, and price predictions.
TRX on the Brink of a Breakout: Here’s the Analysis
According to a recent analysis post on X by Rose Premium Signals, TRX coin is gearing up for a major move. As the analyst highlights, the TRX coin price chart showcases a falling wedge pattern that is nearing a breakout.
With the TRON price setting the stage for a potential breakout rally, the price could quickly reach $0.3957. Meanwhile, a breakout above the $0.40 mark could pave the way for a 130% surge to $0.5486 in the next few weeks.
Risk Metrics Drop Sharply in 2025
The Value at Risk (VaR) for TRON (TRX) showed that price volatility on TRON decreased during January 2025. These trends will be useful for market participants who are looking to sync their actions in a constantly changing market landscape.
On January 13, the Value at Risk (VaR) dropped to -0.0231. However, it has improved from the lower levels of -0.0219 over the past seven days.
As you can see in the chart above, if the current price of TRX moves up, the VaR values are set to decrease significantly.
This development will be useful for risk-averse traders and long-term investors, as it allows them to know that there is a lower level of price uncertainty in the market.
On the other hand, lower VaR values as seen on January 13 provide an opportunity to be more aggressive with trading, as you are covered against the drop of stock price, since the probability of large price movements is not high.
TRON’s On-Chain Metrics Outlook
Data from IntotheBlock showed that new addresses increased by 62.20% over the past seven days, while active addresses remained flat. The increase in new addresses highlights more engagement on the blockchain, which coincides with the recent price consolidation and market sentiment.
Furthermore, the number of large transactions increased by over 23% to 450 txs, indicating a rise in buying activity. The surge in transactions signals growing optimism among market participants for a market rally.
TRX Price Analysis: Key Levels to Watch
According to the daily chart analysis, TRX coin rebounded by over 7% intraday and regained bullish momentum.
The Relative Strength Index (RSI) showed a positive crossover and signals a further relief rally ahead. If TRX price breaches the immediate hurdle of $0.2500, a bounce toward $0.2700 can be anticipated soon.
On the other hand, a drop below $0.2200 could trigger a downside move toward $0.2000 in the short term.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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