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TRX
0.2671
+1.67%
TRON (TRX) is ready for potential breakout
Despite recently experiencing some irregular fluctuations, TRON (TRX) remains one of the promising altcoins to watch. After reaching $0.26, TRON's price has slightly changed over the past week, leading to downward pressure pushing it back to its current support level of $0.25.
However, TRON has made a strong comeback; the alternative currency rose by more than 22% in the past month. Although early December saw its all-time high at $0.44, the recent pullback has seen TRON's price drop by more than 40% from that level. Nevertheless, the positive outlook within TRON indicates a strong belief in the long-term potential of the alternative currency.
Looking to the future, TRON (TRX) is about to break through. Key technical indicators on TRON, including MACD, Bollinger Bands, momentum, and moving averages, are signaling a buy, indicating upward momentum.