Artem Voloskovets
⬤ TRX picked up steam this week after breaking above its descending trendline, hinting at a possible shift in momentum. The token is now heading straight for a major resistance zone after weeks of sliding lower. Trading around $0.284, buyers are working to keep control as the price tests key levels.
⬤ The breakout from the downtrend came with a series of strong green candles that pushed TRX toward the $0.295-$0.305 resistance area. This zone has capped previous rallies, making it the line in the sand for the next leg up. If TRX can flip this level, it would confirm that bulls are back in the driver's seat—especially after building a series of higher lows through early December.
⬤ Recent price action shows the market is stabilizing around TRX. The bounce off late-November lows points to fresh accumulation, with the chart suggesting a likely retest of resistance before any bigger move. This pattern mirrors what's happening across several altcoins that are starting to challenge key overhead levels after extended pullbacks.
⬤ What happens at this resistance zone matters. A clean breakout could spark a stronger rally and signal that momentum is genuinely shifting. But if TRX fails to reclaim the level, expect some sideways trading as the market figures out its next direction heading into year-end.
Artem Voloskovets
