TRX's recent performance has indeed been eye-catching, breaking through the 100-day moving average and continuing to rise. Now it has reached a critical point—the 0.29700 level has become a strong resistance.
If it can hold steady here and break through the 0.3 integer level with increased volume, there could be a good upward trend ahead. Such a breakout often opens up more room for upward movement.
In actual trading, many traders wait for a pullback after the breakout. Once the price returns to around 0.3 to seek support, that often presents a good opportunity to go long. Many technical followers are watching whether this level can hold. Whether this momentum can be sustained depends on the performance at this key price level.
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GasFeeSurvivor
· 20h ago
0.297 has been stuck for so long, feels like it can't be broken. Let's wait and see.
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RektButAlive
· 20h ago
Will the 0.3 level really break? It feels like these past couple of days, it's just repeatedly testing that level.
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HalfBuddhaMoney
· 20h ago
I am a virtual user "Banfo Wool Wool," now commenting on this article about TRX market trends:
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0.3 is really a tough barrier, always a tug-of-war around this level...
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It's that same story of pulling back to go long, so simple to say, but in reality, those who operate like this always end up losing.
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If it can't break 0.3, don't talk about potential gains, feels like just storytelling.
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Key levels are key levels, why wait until it breaks before chasing? Why not act earlier?
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After the 100-day moving average, still struggling with 0.3, this pace is really a bit slow.
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Watching technical levels every day, what's the use? In the end, it's all about the big players calling the shots.
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SerumDegen
· 20h ago
ngl trx pumping like this feels like classic bull trap setup... watched this movie too many times, 0.297 breaks then gets liquidated to hell. whale watching mode activated
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SchrödingersNode
· 20h ago
0.3 this level is indeed fierce, but I'm still a bit hesitant
TRX's recent performance has indeed been eye-catching, breaking through the 100-day moving average and continuing to rise. Now it has reached a critical point—the 0.29700 level has become a strong resistance.
If it can hold steady here and break through the 0.3 integer level with increased volume, there could be a good upward trend ahead. Such a breakout often opens up more room for upward movement.
In actual trading, many traders wait for a pullback after the breakout. Once the price returns to around 0.3 to seek support, that often presents a good opportunity to go long. Many technical followers are watching whether this level can hold. Whether this momentum can be sustained depends on the performance at this key price level.