Technical analysis by cecilion1998 about Symbol TRX: Buy recommendation (7/29/2025)

TRX (Tron) is showing early signs of a parabolic breakout, supported by strong momentum and a solid technical structure. After a long accumulation phase, TRX has gained bullish traction and is now accelerating. The price action suggests the beginning of a steep upward curve, often associated with parabolic rallies. Using Fibonacci extensions, we identify 4 bullish targets: Target 1: 0.618 Fib - 0.35 – initial breakout confirmation zone Target 2: 0.786 Fib – 0.39 - key mid-level resistance Target 3: 1.272 Fib – 0.51 - extended bullish target Target 4: 1.618 Fib – 0.60 - full parabolic potential This setup provides a great opportunity for trend traders aiming to ride the wave early.