{"id":35936,"date":"2025-02-21T10:53:57","date_gmt":"2025-02-21T13:53:57","guid":{"rendered":"https:\/\/tiproject.online\/index.php\/2025\/02\/21\/tron-trx-breaks-major-descending-channel-new-bull-phase-ahead\/"},"modified":"2025-02-21T10:53:57","modified_gmt":"2025-02-21T13:53:57","slug":"tron-trx-breaks-major-descending-channel-new-bull-phase-ahead","status":"publish","type":"post","link":"https:\/\/tiproject.online\/index.php\/2025\/02\/21\/tron-trx-breaks-major-descending-channel-new-bull-phase-ahead\/","title":{"rendered":"Tron (TRX) Breaks Major Descending Channel \u2014 New Bull Phase Ahead?"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div><figcaption id=\"caption-attachment-1499393\" class=\"wp-caption-text\">TRX\/USD 4h chart<\/figcaption><p><span>Currently, TRX has broken above the upper trendline of the descending channel at $0.24, indicating potential bullish momentum. This breakout aligns with Elliott Wave theory, suggesting the completion of the Y-wave and the beginning of a new impulsive cycle.\u00a0<\/span><\/p>\n<p><span>The 0.618 Fibonacci retracement at $0.269 represents a key level that TRX must reclaim to sustain its bullish trajectory.<\/span><\/p>\n<p><span>The Relative Strength Index (RSI) on the 4-hour chart is recovering from neutral territory, signaling increasing momentum. However, it has yet to reach overbought conditions, meaning further upside remains possible before a correction.<\/span><\/p>\n<p><span>If the price can hold above $0.24, it would confirm the strength of the breakout. Failure to sustain momentum could see a retest of lower support levels, with $0.22 (0.786 Fibonacci retracement) acting as the last line of defense before further downside potential emerges.<\/span><\/p>\n<h2 id=\"trx-price-prediction\"><span>TRX Price Prediction<\/span><\/h2>\n<p><span>The 1-hour TRX chart provides a detailed view of the breakout structure and short-term wave projection. The price has initiated what appears to be Wave (iii) of a five-wave impulse, with a strong move above the former channel resistance.<\/span><\/p>\n<figure id=\"attachment_1499394\" aria-describedby=\"caption-attachment-1499394\" class=\"wp-caption alignnone\"\/><\/div>\n<p>[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] TRX\/USD 4h chartCurrently, TRX has broken above the upper trendline of the descending channel at $0.24, indicating potential bullish momentum. This breakout aligns with Elliott Wave theory, suggesting the completion of the Y-wave and the beginning of a new impulsive cycle.\u00a0 The 0.618 Fibonacci retracement at $0.269 represents a key level that TRX must reclaim to sustain its bullish trajectory. The Relative Strength Index (RSI) on the 4-hour chart is recovering from neutral territory, signaling increasing momentum. However, it has yet to reach overbought conditions, meaning further upside remains possible before a correction. If the price can hold above $0.24, it would confirm the strength of the breakout. Failure to sustain momentum could see a retest of lower support levels, with $0.22 (0.786 Fibonacci retracement) acting as the last line of defense before further downside potential emerges. TRX Price Prediction The 1-hour TRX chart provides a detailed view of the breakout structure and short-term wave projection. The price has initiated what appears to be Wave (iii) of a five-wave impulse, with a strong move above the former channel resistance. [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":35937,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-35936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/35936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/comments?post=35936"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/35936\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/35937"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=35936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=35936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=35936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}