Examining TRON's 8.8% rise in value - TRX might achieve new peak levels if...
In the world of cryptocurrency, TRON (TRX) has been making waves, with a moderately bullish outlook in the coming weeks. As of early August 2025, TRX is trading around $0.33 to $0.35, having shown strong upward momentum in July.
The recent rally in TRX can be partly attributed to TRON Inc.’s $1 billion treasury expansion plan, which has increased institutional interest and trading volume significantly. This move has helped TRX break past a local high on the 29th of July, marking a shift in its bullish structure.
Technical analysis points to a clear bullish structure with higher highs and lows. The price is trading above the 30-period EMA near $0.3223 and has found support at the $0.32 demand zone on July 29th. The 50-period moving average on the 4-hour chart continues to act as support for TRX.
However, the Relative Strength Index (RSI) is currently above 84, signaling possible exhaustion and suggesting a likely cooldown or a retest of lower support levels before any further rally continues. Trading volume remains crucial in sustaining this momentum.
Looking further, some analysts highlight growing fundamentals such as developer interest in decentralized content and low-cost transactions, as well as stablecoin activity on the network. These factors support a positive medium-term outlook. Targets mentioned include a move towards $0.36–$0.375 as a near-term goal, and more optimistic forecasts see a potential rise to $0.45 and even $1 based on parabolic chart patterns and ascending wedge formations since mid-2024.
In the short term, a pullback or consolidation is plausible given the overbought signals. The next key resistance level for TRX is $0.35. The confluence of the 50-period moving average and the $0.32 demand zone suggests a potential bullish reaction for TRX over the weekend.
It's important to note that while the bullish trend is expected to continue, no credible forecasts currently support an immediate large surge to multiple dollars within weeks. More conservative and technical analyses favour gradual growth and caution due to market volatility.
Interestingly, TRX has a higher positive correlation with Ethereum (0.94) compared to Bitcoin (0.74). As Ethereum has rallied 15.38% in the same period, this correlation could potentially lead to a new all-time high in the coming weeks for TRX.
In summary, TRX appears positioned for steady gains in the short term with strong support around $0.30 and potential resistance near $0.36–$0.375. A short-term pullback or consolidation is plausible given the overbought signals. Medium-term optimism exists around $0.45 and higher if current bullish trends and fundamental developments persist.
[1] IntoTheBlock [2] TradingView [3] TRON Inc.’s $1 billion treasury expansion plan announcement [4] Market volatility data from various sources
- Amidst the crypto market, Solana is gaining traction, following in the footsteps of TRON, with a promising outlook in the coming weeks.
- The crypto market's rally in TRX can partly be credited to TRON Inc.’s $1 billion treasury expansion plan, which has spurred institutional interest and boosted trading volume.
- Compared to Bitcoin, TRX shows a higher positive correlation with Ethereum (0.94), suggesting a potential new all-time high for TRX as Ether appreciates by 15.38% in the same timeframe.
- Crypto investors looking at the technology behind TRX may find encouraging fundamentals, such as growing developer interest in decentralized content, low-cost transactions, and stablecoin activity on the network.
- As with any investing in the finance sector, caution is advised due to market volatility, with short-term pullbacks or consolidations possible, and more conservative and technical analyses preferring gradual growth for TRX.
