TRX TECHNICAL INSIGHTS
I am tracking $TRX closely as volume expands, with the current price of $0.36570 hovering near the resistance zone of $0.36437. It's crucial for $TRX to break above this zone to confirm a market structure shift to the upside, with a target of $0.37100, representing a 1.5% increase from current prices. The mid-range level of $0.36270 is providing support, suggesting a potential bullish bias if $TRX can sustain above $0.36100.
The volume profile indicates a 0.5% increase in buying pressure, which could help $TRX reach the upper end of the range, with a clean breakout above $0.36437 likely to trigger a 2% rally. I'm monitoring the order blocks and liquidity pools to gauge the strength of the bullish momentum.
It shouldn't be difficult for $TRX to reach the upper end of the range if it can maintain its current price action, with the VWAP suggesting a slight bullish bias, and funding rates indicating a neutral sentiment.
$TRX