TRX is demonstrating remarkable strength in the current crypto market rally, with Bitcoin hitting new all-time highs and altcoins closely following suit. Renowned analyst Darkfost has provided valuable insights, emphasizing that TRX’s underlying trend is undeniably positive and does not require further confirmation. The asset has maintained a strong bullish structure even during periods of consolidation, indicating a solid foundation for its next move.
Darkfost has also highlighted an intriguing signal that has emerged recently — one that historically heralds a new phase of acceleration for TRX. This signal, based on trading volume dynamics, signifies a cooling-off period that typically precedes a significant breakout. Past instances of similar setups have resulted in substantial rallies, instilling a sense of growing optimism among traders.
Amid the resurgence of market momentum, TRX stands out for its consistent resilience and steady performance. The convergence of a robust long-term uptrend and favorable onchain metrics is fostering anticipation of a potential breakout in the coming days. With Bitcoin leading the market sentiment and altcoins gaining traction, TRX appears to position itself as one of the top performers in this phase of the crypto market.
TRX Market Structure: Cooling Volumes Hint at a Potential Breakout
According to Darkfost, the Spot Volume Bubble Map — a tool that visualizes periods of trading volume expansion and contraction — is currently signaling a significant cooling pattern for TRX. The indicator indicates a notable drop in spot volumes over recent sessions, a trend that often precedes a resurgence in volatility. While low trading activity may suggest waning market interest, historical data suggests otherwise for TRX.
Darkfost points out that similar conditions have frequently foreshadowed major bullish movements. For instance, in July 2021, when TRX’s volumes experienced a sharp decline, the price subsequently surged from $0.05 to $0.12. A comparable scenario occurred in October 2024, followed by an impressive rally from $0.15 to $0.43. In both cases, a decrease in trading activity did not signify weakness but rather served as the accumulation phase for long-term players positioning themselves ahead of the next breakout.
The current cooling phase could represent a consolidation period rather than a halt in momentum. As price action stabilizes and volatility compresses, TRX is establishing a robust support base, enabling smart money to accumulate positions discreetly. If market liquidity returns alongside Bitcoin and altcoins pushing higher, this structure could act as a launching pad for a short-term rebound or potentially mark the onset of a new acceleration phase for TRX.
TRX Price Analysis: Consolidation Before Potential Upside
Presently trading around $0.344, TRX is displaying resilience as it consolidates near short-term resistance levels. The chart depicts a steady recovery from late September lows near $0.32, with the price now stabilizing above both the 50-day and 200-day moving averages, indicating a healthy medium-term outlook.
The upward curvature of the 50-day moving average suggests renewed momentum, while the 200-day moving average continues to offer robust long-term support. This pattern resembles previous consolidation phases where TRX built strength before breaking higher. The 100-day moving average aligns closely with current price action, forming a convergence zone that often precedes volatility expansion.
Key resistance levels are situated at $0.35–$0.36, levels that have consistently capped upside attempts since early September. A confirmed breakout above this range could pave the way for further gains toward $0.38–$0.40, renewing the broader bullish trend observed earlier in the year. On the downside, immediate support lies near $0.33, followed by a firm support level at $0.32, which has withstood multiple retests.
In conclusion, TRX’s strong performance amidst the ongoing market rally, coupled with promising technical indicators, suggests that the asset may be gearing up for a significant breakout. With favorable market conditions and growing investor optimism, TRX could emerge as a standout performer in the current crypto landscape.