Here Are The Next TRX Targets After 11.76% Breakout

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com TRX showed a bullish pennant with lower highs and higher lows on the 4H chart and then broke upward.The breakout point near 0.2480 signals a possible jump of 11.76% with a target price close to 0.2785.Before the breakout TRX already gained 10% and the move attracted 4800 views with strong trading interest.TRX may rally by up to 15% following a confirmed bullish pennant breakout on its 4-hour (4H) chart, according to technical analysis published by World Of Charts on May 3, 2025. The TRX/USDT pair on Binance had already posted a 10% gain before the breakout was signaled. Analysts are now observing the asset’s potential to climb a further 0.0295 points, or 11.76%, from the breakout level. Source: XThe trading setup, identified in a chart posted via social media, presents a classic bullish pennant formation. This pattern commonly signals price continuation following a period of consolidation. A breakout from this pattern typically leads to rapid price advancement over the short term.The current price of TRX stands at $0.2490. The chart targets an upside movement toward $0.2785. The projection is based on the height of the pennant’s mast. A sharp upward move has been illustrated with a curved black arrow, highlighting the price’s expected trajectory post-breakout.Bullish Structure Formed Over WeeksThe pattern developed over several weeks between April and early May. Candlestick data within this period shows consistent lower highs and higher lows. These trendlines formed a converging triangle, characteristic of a bullish pennant.The breakout occurred just above $0.2480. Following this, TRX showed immediate upward pressure in subsequent candles. This behavior matches historical responses to pennant breakouts observed in other assets.The analysis did not include any external or fundamental catalysts. It strictly used price action and chart structure to support its forecast. Traders often consider these indicators reliable for short-term movements.World Of Charts, a trading analysis account with a track record of accurate calls, shared the chart and commentary. The post received 4,800 views within hours, along with 43 likes and 9 comments. One reply read, “I’m put my eye on him,” showing growing attention from retail traders.Breakout Consistent With Historical BehaviorTRX has displayed similar movements in the past. On April 4, the same source reported that TRX had more than tripled after a prior breakout. This current setup appears to be a continuation of that bullish behavior.The pattern’s measured move was calculated from the mast of the pennant. This is the sharp upward move leading into the consolidation zone. The projected price rise of 0.0295 aligns with the traditional approach to breakout target estimation.The potential gain of 11.76% would place TRX near resistance around $0.2785. This range may serve as a target area for short-term traders. If momentum continues, price action beyond that level could draw further technical interest.The 4H timeframe adds weight to the signal. This timeframe is often used by traders seeking confirmation of trend reversals or continuations. Breakouts on this chart length are viewed as stronger than those on shorter intervals.Source link