Tron (TRX) price has surged above and retested the descending trendline, indicating a bullish market structure.
Tron price breaks above and retests the descending trendline, signaling a bullish market structure. On-chain data shows that TRX active accounts activity is rising, signaling greater blockchain usage. A daily candlestick close below $0.112 would invalidate the bullish thesis. Tron price has surged above and retested the descending trendline, indicating a bullish market structure.
These momentum indicators strongly indicate bullish dominance. If TRX closes above $0.129, a 61.8% Fibonacci retracement level drawn from a swing high in February to a swing low in April, then it could extend an additional rally of 12% to retest the $0.144 high of February 27. TRX/USDT 1-day chart Data from the TRONSCAN Daily Active Accounts chart shows the number of TRON accounts, including wallet and contract accounts, that had transfer records during the specified period.
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