TRON (TRX) has broken out of a daily triangle pattern, signaling a potential rally to the next resistance level at $0.3335. The breakout accelerated the minor impulse wave iii, which is part of a sharp C-wave that began in early June. This C-wave forms part of a long-term ABC corrective structure that has been developing over recent months.
According to technical analysis, the strength of the impulse and the broadly bullish sentiment across cryptocurrency markets suggest further upside. The $0.3335 target corresponds to the top of the minor impulse wave I from June and coincides with the 38.2% Fibonacci retracement level of the downward wave B from May.
