Resistance

Million

Optimism

Vortex

TRON

Tron Price Prediction: TRX, the native asset of the <a href="https://coingape.com/how-did-tron-trx-have-99-of-its-addresses-in-profit-amid-the-rally/" rel="noopener noreferrer nofollow">TRON network</a>, has witnessed consistent gain in February so far. From the monthly low of $0.111, the coin value surged 18% to reach the $0.13 mark. Amid this rally, the coin price breaks above a resistance trendline of the channel pattern indicating buyers are accelerating toward higher recovery.
A recent analysis from a content partner of IntoTheBlock highlights an optimistic trend for TRX holders, with 99% of addresses (115.9 million) enjoying substantial profits. Merely 1.17 million addresses are at breakeven, with no addresses underwater. This pattern closely aligns with Bitcoin’s, featuring a landscape where almost every TRX investor is in profit. This insight underscores optimism within the TRX network and seller probability of panic selling.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/search?q=%24TRX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$TRX</a> hodlers, come feast your eyes on this! via <a href="https://twitter.com/intotheblock?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@intotheblock</a>
 99% of addresses (115.9M) massively in profit Just 1.17M at breakeven &amp; 0 losing money.
 Mimicking <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> with barely any underwater addresses.
 With almost ALL holders piling profit, <a href="https://twitter.com/search?q=%24TRX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$TRX</a> to the moon! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> <a href="https://twitter.com/hashtag/TRX?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#TRX</a> <a href="https://t.co/Ejzvih0cKj" rel="noopener noreferrer nofollow">pic.twitter.com/Ejzvih0cKj</a>
 — Crust Bestie |Lia|<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f970.png" alt="🥰" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Crustbestie) <a href="https://twitter.com/Crustbestie/status/1758241110634201185?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 15, 2024</a>
</blockquote>
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Also Read: <a href="https://coingape.com/tron-burns-9-9-million-trx-tokens-in-deflationary-move/" rel="noopener noreferrer nofollow">TRON Burns 9.9 Million TRX Tokens, Price to $0.5 Next?</a>
<h2 id="b-is-trx-price-ready-to-regain-0-15-b">Is TRX Price Ready to Regain $0.15?</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/k/KVt1nBAG.png" alt="BINANCE:TRXUSDT Chart" width="1946" height="937">
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 Tron Price Prediction| Tradingview
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Since mid-November 2022, the <a href="https://coingape.com/price/tron/" rel="noopener noreferrer nofollow">Tron coin price</a> has been riding a steady and gradual rally under the influence of an expanding channel. The bull run surged the coin value from $0.045 to the current trading price of $0.13, registering a 192% growth.
<blockquote>
 Amid this rally, the coin price rebounded several times from the two diverging trendlines acting as a key resistance and support. However, as the broader market support recovered, the <a href="https://coingape.com/tron-unveils-btc-layer-2-for-enhanced-blockchain-links/" rel="noopener noreferrer nofollow">TRX</a> price broke free from the overhead resistance on February 14th.
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This breakout reflects the buyers are pushing for an even more accelerated rally. According to IntoTheBlock’s recent analysis, the TRON network has experienced a significant surge in USDT transaction volume, consistently exceeding $10 billion daily since October 2023.&nbsp;
This robust activity cements TRON’s position as the premier blockchain for USDT on-chain transactions, highlighting its growing dominance and utility in facilitating high-volume stablecoin transfers.
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 The transaction volume of USDT on the TRON network shows a strong upward trend, with daily on-chain transaction volumes surpassing $10 billion consistently since October 2023. This positions TRON as the leading blockchain for USDT on-chain transactions. <a href="https://t.co/WxJEvjbzw2" rel="noopener noreferrer nofollow">pic.twitter.com/WxJEvjbzw2</a>
 — IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1757769914574664102?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 14, 2024</a>
</blockquote>
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Amid this development, if the TRX price shows sustainability above the breached resistance at $0.128, the buyers will chase potential targets of $0.148, followed by $0.18.
Also Read: <a href="https://coingape.com/crypto-options-expiry-sparks-optimism-amid-chinese-new-year-rebound/" rel="noopener noreferrer nofollow">Crypto Options Expiry Sparks Optimism Amid Chinese New Year Rebound</a>
<h2 id="span-style-font-weight-400-technical-indicator-span">Technical Indicator:</h2>
<ul>
 <li aria-level="1">Bollinger Band: The coin price challenging the upper boundary of the <a href="https://coingape.com/education/bollinger-band/" rel="noopener noreferrer nofollow">Bollinger band indicator</a> suggests that momentum traders will prefer trading this asset.</li>
 <li aria-level="1">Vortex Indicator: The VI+(blue) and VI-(pink) in a wide bullish crossover state reflect the buyer’s dominance in this asset.</li>
</ul>
Related Article: <a href="https://coingape.com/analysis-how-the-crypto-markets-are-gearing-up-for-a-worldwide-recession/" rel="noopener noreferrer nofollow">Analysis: How the Crypto Markets are Gearing Up for a Worldwide Recession</a>
The post <a href="https://coingape.com/markets/tron-price-prediction-trx-break-400-day-resistance-to-0-15/" rel="noopener noreferrer nofollow">Tron Price Prediction: $TRX Breaks Free From 400-Day Resistance to Chase $0.15</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Tron Price Prediction: $TRX Breaks Free From 400-Day Resistance to Chase $0.15

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