- TRX’s breakout from a symmetrical triangle signals strong bullish momentum with a 516% upside target.
- Fibonacci extension levels indicate TRX may reach $1.33, aligning with historical expansion patterns.
- TRX mirrors past cycles, with key resistance levels acting as barriers to further price expansion.
Tron (TRX) continues its strong bullish trajectory, steadily aiming for the logarithmic breakout target at $1.11. If price action sustains its upward trend, another massive 516% gain remains highly possible in the coming months.
Breakout Momentum and Market Structure
TRX has consistently followed a strong pattern of accumulation, breakout, and price expansion. The latest breakout from a symmetrical triangle formation further reinforces the ongoing bullish momentum, suggesting continued price growth ahead.
A historical rally of 1,176.17% led TRX to a major resistance zone, initiating a prolonged consolidation phase. This accumulation period formed a symmetrical triangle, a technical pattern known for preceding strong breakouts.
Analyzing the Current Price Expansion
Market analyst Javon Marks provides a detailed assessment of TRX’s sustained bullish structure. The recent breakout from the triangle resulted in a 742.24% surge, aligning with Fibonacci extension targets and reinforcing the strength of the move.
Source: Javon Marks
According to Marks, the 1.618 Fibonacci extension level serves as a critical target, positioning TRX for a potential move towards $1.33. The price projection follows historical expansion cycles, supporting the argument for sustained upside momentum.
Resistance and Historical Price Movements
TRX has followed fractal-like market cycles, where each breakout aligns with prior historical structures. Observing market behavior, Marks identifies upper resistance levels corresponding with previous all-time highs. These areas serve as critical price barriers that TRX must surpass for continued upward expansion.
Tracking price trends, the volume profile remains undisclosed, but historical data supports ongoing bullish momentum. The market structure suggests that TRX is mirroring past cycles, reinforcing the probability of Fibonacci target retests.
A recent assessment from Marks underscores the significance of TRX’s technical formations. He emphasizes that if price action maintains higher lows, the bullish trend may extend toward logarithmic targets, reflecting the asset’s historical behavior.
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