Tron — Pumping Since 2022
Trend Analysys
Chart patern
2024-08-10T20:02:40+00:00
Among altcoins, Tron stands out as a rarity. Unlike many other tokens, which are down 70%, 80%, or even 90% and are trading close to their bear market lows, Tron has been on a consistent upward trajectory since late 2022.
The token has maintained an impressive upward channel for more than two years, demonstrating resilience even during market downturns. The recent market drop last Monday did not derail Tron's progress; instead, it bounced from the bottom of its channel.
Given this robust performance, I anticipate that Tron will ascend back to the top of the channel in the coming days or weeks. Should the bullish momentum persist, we might witness another breakout attempt, similar to the one observed in March.
Even without a breakout, Tron offers attractive trading opportunities within the confines of its upward channel. Furthermore, should we enter a bull run in late 2024 or 2025, Tron is poised to be among the top tokens, based on its recent performance.
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