Tron (TRX) Shows 25% Upside Potential Following US GDP On-Chain Announcement
Tron's native token TRX is currently priced at $0.339 amidst market volatility. Analyst Crypto Patel identified a bullish setup for TRX after a liquidity sweep, with key resistance at $0.3520. A confirmed break above this level could lead to price targets of:
- $0.3700
- $0.4053
- $0.4229
Additionally, the US Department of Commerce has selected Tron as one of nine blockchains to record Q2 2025 GDP data, enhancing its credibility as an enterprise-ready solution. Following this announcement, TRX's trading volume increased by 40%, reaching $687 million.
TRX Price Outlook
Over the past year, TRX has gained 110%. It peaked at $0.367 on August 24 amid significant whale activity. Currently, it trades near the middle Bollinger Band around $0.339, with support at $0.333 and resistance at $0.367. Technical indicators show:
- RSI suggests neutral-to-weak momentum
- MACD indicates bearish pressure, with potential downward movement if TRX falls below $0.333
A close above $0.3520 may push TRX towards higher targets, while slipping below $0.333 could see declines to $0.320 or $0.300.