TRX Price Prediction: Will TRX Break Resistance and See $0.40 in April?

TRX has surpassed both Ethereum and Solana in terms of transaction fees, showing its increasing adoption rate. TRON, which is generating an average of $1.86M a day in transaction fees and consistently surpassing its competitors, shows that as the network begins to see increased activity, the fundamentals for a bullish case have been strengthened.

Key Takeaways:

* TRX has surpassed both Ethereum and Solana in terms of transaction fees, showcasing the increasing adoption rate of TRON, which is generating an average of $1.86M a day in transaction fees and consistently outperforming its competitors.

* As the network begins to see increased activity, the fundamentals for a bullish case have been strengthened, although the question of whether TRX will break resistance and see $0.40 in April remains unanswered.

* TRX’s price activity indicates price action that is neutral to slightly bullish in its consolidation phase, with a developing medium-term uptrend only if resistance areas break. The long-term trend is bullish with improved adoption and transaction volume.

Overview of Support and Resistance:

* Key Support: $0.22, the 200-day SMA level; $0.20, the historical demand zone.

* Key Resistance: $0.25, which is a pivot level of resistance; $0.30 for an additional breakout level toward the $0.40 level.

* Momentum Indicators:

* RSI 58, suggesting moderately bullish momentum.

* Volume: A 9.4% increase in the trading volume over the past week.

Tron On-chain data & market sentiment

Will TRX reach $0.40?

The increasing network fees on TRON, increase in whale accumulation, and new users participating in TRON’s ecosystem lead to a bullish setup, however, for TRX to reach $0.40 it must break and hold the $0.30 level. A close below support at the $0.22 level could open the door to a retest of the $0.20 level as well.

TRON’s recent upgrades solidify any bullish thoughts one might have. The launch of AI-integrated features on the Sun Pump platform is a major key milestone that has granted AI integration for real-time automation and modification of process parameters related to AI and TRON.

The added features will broaden TRON usability while trying to scale competitive advantage as more user adoption occurs. To add to that Bullish outlook, TRON recently announced tthat hey have partnered with Bitget, a leading cryptocurrency exchange.

That expands the TRON ecosystem while user adoption increases. All of these upgrades add value to the TRON network, which may be key catalysts towards price appreciation in TRX.

Suggested trade strategy for April:

– Buy zone – $0.22 – $0.23 (200 day SMA support)

– Profit targets – $0.25, $0.30, $0.40

– Stop loss – $0.18

With whale activity growing and volume trending up, traders should wait on confirmation of a breakout past the $0.30 for possible upside continuation.