TRON Continues Bullish Trend, Eyeing New Highs in 2025
TRON (TRX) has been on a bullish streak in 2025, reaching new highs since June and showing no signs of slowing down. The altcoin has maintained its strong bullish structure, with the next key resistance level to overcome set at $0.35.
While the overall crypto market has been experiencing a correction, TRON has been bucking the trend. Since July 15th, TRON has surged by 8.85%, while Bitcoin (BTC) has declined by 3.5% and Ethereum (ETH) has rallied by 15.38% in the same period.
This outperformance can be attributed to the higher positive correlation between TRX and ETH compared to TRX and BTC. According to IntoTheBlock, TRX has a strong correlation of 0.94 with ETH and 0.74 with BTC.
Despite BTC’s correction towards the $112k support, TRON’s price action has presented a buying opportunity, indicating potential for further gains. The current rally could see TRX surpass the $0.35 level and potentially reach a new all-time high in the coming weeks.
TRON’s Strong Market Structure and Potential for Growth
Source: TRX/USDT on TradingView
On the 1-day chart, TRON exhibits a bullish market structure with clear local swing highs and lows. The recent breakout above a local high on July 29th signaled a shift in the bullish structure, followed by a retracement to the $0.32 demand zone where support was found.
Trading volume has been robust in July, consistently above the 20-day moving average, indicating strong buying interest in TRX. The Chaikin Money Flow (CMF) remained above +0.05, confirming significant buying pressure on the altcoin.
Although the Money Flow Index (MFI) dipped below 50, it did not signal strong bearishness, suggesting that TRON is likely to continue its upward momentum based on its bullish structure and buying activity.
TRX Faces Key Level Amidst Cooling Momentum
Source: TRX/USDT on TradingView
On the 4-hour chart, TRON’s momentum has been relatively subdued in recent days, with the 50-period moving average acting as a key support level. The convergence of this level with the $0.32 demand zone suggests a potential bullish reaction for TRX over the weekend.
A drop below $0.32 could indicate short-term bearishness, alerting swing traders to monitor the situation closely.
Disclaimer: The information provided is the opinion of the writer and should not be considered financial, investment, or trading advice.
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