After a major rally in 2024 that set a new ATH of 0.4500, the price spent last year trading in a wide range, testing 23% Fibonacci of the 2024 yearly move, and moving slightly above 50% of the yearly candle tail. Right now, direction is uncertain, but a rejection structure may be forming.
If this plays out, price could break below the 2026 and 2025 opens and move toward the annual gap zone between 0.2011 and 0.18, which also aligns with the 62% Fibonacci retracement of the 0.0068–0.45 range. #TRX #trx #tron
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$TRX — 2026 outlook
TRX is currently 6th in the TOP-20 CMC Index.
After a major rally in 2024 that set a new ATH of 0.4500, the price spent last year trading in a wide range, testing 23% Fibonacci of the 2024 yearly move, and moving slightly above 50% of the yearly candle tail.
Right now, direction is uncertain, but a rejection structure may be forming.
If this plays out, price could break below the 2026 and 2025 opens and move toward the annual gap zone between 0.2011 and 0.18, which also aligns with the 62% Fibonacci retracement of the 0.0068–0.45 range.
#TRX #trx #tron