TRX price is up today and ranks as the second top gainer, trading around $0.347 after a steady climb over the past week. The TRON chart shows an impressive recovery from early August, with bulls gradually regaining control after a period of sideways consolidation.
TRON Chart Analysis: Price Action and Key Drivers
TRX recent price action is that of a strong uptrend created from the $0.32 levels, with a strong move to $0.351 before tapering off slightly. After consolidation during late July, the TRON price has been establishing higher lows, which signifies ongoing buying pressure.
Volume has remained steady with intermittent spikes correlating with upside movement, which signifies decent participation from retail and larger players. The most significant green volume spike came near the start of August’s climb, confirming the bullish shift.
Open interest has been climbing alongside price, sitting around $524M now. This suggests more traders are entering positions rather than closing them, which usually supports continuation, though it can also set up sharper moves if liquidations occur.
Net long positions have been rising steadily after a sharp drop in late July, showing renewed confidence from the bullish side.
Net shorts have held relatively steady, meaning sellers haven’t increased their bets despite the uptrend, which gives bulls breathing room.
Overall, the technical picture leans bullish, with the market steadily absorbing selling pressure and pushing higher.
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We Asked ChatGPT to Predict TRX Price for This Week
Since TRX has been in the spotlight today, we asked ChatGPT to take a look at the current setup and give a bold prediction for the week ahead.
ChatGPT’s TRON Price Prediction:
Based on the current trend, TRX is expected to remain bullish this week. If buyers can hold above $0.34 and break through last week’s high near $0.351, we could see a push toward $0.36–$0.37 by week’s end.
That would put TRX price within striking distance of challenging the psychological $0.38 level, which hasn’t been tested in months.
On the flip side, if the price slips below $0.34 and selling pressure increases, we could see a retest of $0.33 for support. Unless that level breaks, the broader uptrend remains intact.
The key to this week is simple: hold the $0.34 floor, and the TRX price could end the week with fresh local highs. Lose it, and we might just spend the rest of the week chopping sideways.
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