Tron exceeds $0.30: A signal for the upcoming 32% breakout?

Tron (TRX) is continuing to maintain a strong bullish trajectory in recent weeks, clearly reflecting both technical strength and growing confidence from the investor community.

At the time of writing, TRX is trading at $0.3401, well above a key support area. This is a signal that the current bullish trend remains healthy, not yet entering an overbought state – which is usually indicated when the Mayer Multiple exceeds 2.0.

The current Mayer Multiple of TRX is at 1.28, which is equivalent to a price that is 28% higher than the 250-day moving average.

This data shows that the bullish momentum of Tron is supported by solid fundamentals, rather than just relying on short-term excitement, thereby opening up significant room for sustainable growth in the future.

Tron breaks out of the accumulation zone – paving the way for a new bullish wave?

After months of quietly accumulating in the range of $0.20 – $0.30, TRX has suddenly surged, decisively breaking through the resistance level of $0.30.

This surge not only marks a strong comeback but also opens up potential growth space of up to 32%, heading straight towards the $0.45 mark. The bullish momentum is reinforced by the RSI index maintaining a stable upward trend, currently at around 68.

This figure indicates that buying pressure is dominating but has not yet entered the overbought zone – a clear signal that the bulls are still in control of the game. If the bullish sentiment continues to spread, this breakout could very well become a launchpad for further advances.

Source: TradingView## Stable funding rate – a signal of bullish sentiment?

According to data from Santiment, the funding rate of TRX in recent sessions has maintained a slight positive level of 0.01%, reflecting a trend leaning towards the bulls but not overly extreme among leveraged traders.

This stability contrasts with the sharp spikes often seen during hot rallies, indicating a bullish sentiment but without excessive risk.

In addition, a stable funding rate implies that the bulls and bears are in a relatively balanced state, creating a cautious leverage environment – a factor that helps maintain the bullish momentum of Tron without triggering strong corrections due to positions being pulled too far.

Source: Santiment## Social media attention increases – a leverage for liquidity?

At the time of writing, the Social Dominance index of TRX has risen to 1.10%, reflecting the growing wave of interest and online discussion surrounding this coin.

Typically, this trend indicates that the asset is attracting the attention of a large group of retail investors, thereby improving liquidity and creating additional bullish momentum in the short term.

The notable point is that the "frenzy" on social media this time for Tron is not just a temporary effect. It comes with solid technical signals, further reinforcing the bullish story — as long as positive sentiment continues to be maintained.

Source: Santiment## Are the bears quietly preparing for a reversal?

Currently, the Long/Short ratio of TRX is at 0.90, with 52.47% of positions leaning towards the bearish side and 47.53% belonging to the bullish side.

This slight discrepancy indicates that the market still has some skepticism about Tron’s breakout potential, or it is simply the result of a risk-hedging strategy from a segment of traders.

However, if TRX continues to maintain its bullish momentum, this balance could become a catalyst for a "short squeeze" wave - when the bears are forced to close their positions, inadvertently adding momentum to the price. Therefore, the trend of the Long/Short ratio will play a crucial role as an important "measure" to forecast strong fluctuations or the prolongation of the trend in the short term.

Source: CoinGlass## The outlook for TRX to maintain its bullish trend in the coming weeks

Tron's breakout is being reinforced by a solid foundation: the Mayer Multiple remains at a healthy level, the funding rate is balanced, and there is a growing wave of interest from the community. This indicates that the current bullish momentum is not just a temporary frenzy, but rather the result of sustainable factors.

Although the bears are still slightly in control, prolonged bullish pressure may force them to close their positions, thereby adding fuel to the upward trend.

If the technical signals and market sentiment continue to align, TRX has the potential to break out to higher price levels while maintaining the necessary stability for the market.

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