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TRON (TRX-X) is a blockchain-based platform designed to support decentralized applications (dApps) and smart contracts, with a strong focus on content distribution and digital entertainment. Its native token, TRX, is widely used for transactions, staking, and governance within the TRON ecosystem. Over the years, TRON has established itself as one of the more actively used networks in the cryptocurrency space.

From a technical perspective, TRXUSD is showing a constructive recovery after completing a projected ABC corrective pattern within a higher-degree wave “iv”. This correction appears to have respected key support levels, opening the door for the development of the final wave “v” of the larger five-wave impulse on the daily chart.

TRXUSD Daily Chart

While there is still a possibility that price action is forming a larger bullish triangle within wave 4, the overall structure suggests that a breakout is only a matter of time. In either scenario, the technical outlook favors an eventual move back toward — and potentially above — the December 2024 highs, which would align well with expectations for wave 5.

On the 4-hour chart, TRXUSD is recovering nicely from the projected support zone and is approaching a breakout above the descending channel resistance line. The current price action appears to be unfolding as a five-wave impulsive structure, which supports the bullish bias and indicates further upside potential.
 

TRXUSD 4H Chart

That said, traders should remain cautious of a possible wave “iv” pullback on the lower timeframes before the market resumes its advance toward wave “v”. Such a correction would be considered healthy and could offer additional opportunities before continuation higher.

Overall, TRON remains technically well-positioned, with momentum gradually shifting back in favor of the bulls.

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