TRON price has maintained a strong bullish trajectory since its recent breakout, forming a steady upward curve on the charts. The weekly chart highlights a clear ascending trendline, consistently supporting higher lows and suggesting further upside potential.
Since early June, TRX has traded within an ascending channel between $0.25 and $0.35, maintaining upward momentum. Today, price action surged 3.96% to $0.336, brushing against the channel’s upper resistance. A daily close above $0.35 could confirm a breakout, potentially fueling the next breaking out leg toward $0.36.
Supporting this momentum is a rise in 24-hour trading volume, now at $3.03 billion, up nearly 179%. This surge reflects heightened investor interest and growing confidence in Altcoin current trajectory.
Adding to the breaking out sentiment, Nasdaq-listed Altcoin Inc., formerly SRM Entertainment, has filed to raise $1 billion through securities offerings. The company, holding over 365 million Trx worth more than $115 million, intends to expand its Altcoin reserves. This strategy mirrors Michael Saylor’s Bitcoin playbook, potentially triggering increased demand amid limited supply.
TRON price has negated the TD Sequential indicator’s previous sell signal, according to technical analysis shared on July 29, 2025. A green "2" candlestick now trades above the green "1," a condition often seen as breaking out under the TD Sequential system. This development signals a potential upward movement, possibly pushing Altcoins toward the $0.36 price level in the coming sessions.
Source: tweet
The chart provided reflects consistent buying momentum over recent candles. The invalidation of the sell setup adds strength to the breaking out scenario. Market watchers now focus on whether Altcoin can sustain this momentum and challenge resistance near $0.36. If volume remains steady, the technical structure suggests a continuation of the upward trend.
The TRON price is trading at $0.3377 after a sharp intraday rise of 4% on July 29, 2025. trx surged following a bullish breakout above the $0.3200 resistance level. The TRON price now eyes the next key resistance at $0.3500.
Source: Tradingview
Technical indicators show strong momentum backing the current move. The daily RSI has reached 76.67, indicating that Altcoin is in overbought territory. Despite that, the MACD line remains above the signal line, suggesting bullish continuation.
If the bullish pressure holds, TRON could attempt to break and close above $0.35. Sustained buying may push the price toward $0.37 and beyond. However, a failure to hold above $0.3370 may cause a retest of the $0.32 support zone.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.