Throughout February, the TRON coin<\/a> has witnessed a slow yet consistent recovery which uplifted its price from $0.111 to $0.14 to register 26% growth. This bullish upswing backed sufficient volume, and broader market sentiment indicates sustainable growth which recently breached the resistance trendline of the channel pattern. Will the breakout intensify the recovery momentum for a rally beyond $1.5?<\/span><\/p>\n Also Read: Just-In: Merlin Chain Partners with Tron Network to Boost Bitcoin\u2019s Seamless Integration<\/a><\/p>\n <\/p>\n In the daily time frame chart, the ongoing recovery in Tron coin price<\/a> can be traced using a rising channel pattern. The two ascending trendlines of this pattern have guided the TRX price with dynamic resistance and support since November 2022.<\/span><\/p>\n The bull rally surged the coin value from $0.045 to $0.142 to a record 214% in the last 15 months. Moreover, a cryptocurrency analytics firm IntoTheBlock, has recently highlighted that the TRON network has surpassed a milestone of over 95 million addresses with balance.<\/span><\/p>\n <\/p>\n This is a particularly impressive figure when compared to other prominent Layer 1 blockchain networks such as Cardano and Avalanche, which have fewer than 10 million addresses each. The steady increase in TRON\u2019s network addresses is a testament to the growth and expansion that TRON DAO is driving.<\/span><\/p>\n There are more than 95 million TRON network addresses! Quite an impressive number, considering other layer 1 networks like Cardano and Avalanche have fewer than 10 million addresses. The consistent growth in addresses highlights the growth @trondao<\/a> is fostering. pic.twitter.com\/N7dZqobRlz<\/a><\/p>\n \u2014 IntoTheBlock (@intotheblock) February 28, 2024<\/a><\/p>\n<\/blockquote>\n With the recent price surge, the TRX Price breached the resistance trendline of the aforementioned channel, indicating the buyers preparing for a higher jump. Currently trading at $0.14, if the coin price is sustained above the breached trendline around $0.135, the buyers will gain momentum to chase a $0.18 high.<\/span><\/p>\n <\/p>\n Having said that, the TRON coin is poised for a minor pullback to recuperate the exhausted buying pressure, the anticipated pullback may offer buyers a potential pullback opportunity at the support next $0.135.<\/span><\/p>\n Also Read: Justin Sun\u2019s $1.6B HTX Holdings Eclipse Half of Exchange Reserves<\/a><\/p>\n <\/p>\n Related Articles<\/p>\n \u2713 Share:<\/p>\n <\/a><\/p>\n <!– <\/p>\n <\/p>\n <\/a><\/p><\/div>\n<\/p><\/div>\nIs TRX Price Ready to Regain $0.15?<\/b><\/h2>\n
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