We've seen what happened with the crowd this past month chasing XRP price 200%, as well OCN . TRX has offices in SF and manages to be influential across every geographical location. Most people were under the impression (myself included) that TRX was a giant scam, but the team has continued to grow and demonstrate that they are wholeheartedly trying to build something massive.
The big reason for this trade remains, the greed, stupidity and irrational price chasing plebs will do once this asset breaks out. The size of the various
social media channels guarantees a word of mouth network that is explosive once engaged.
From a TA perspective, .02130 is strong support and a crucial zone to hold. .02802 remains resistance, it's been tested once any break out with velocity above this range will spark a retail stampede like OCN , and XRP had these past few weeks.
TRX has demonstrated rapid price expansion in it's past regarding full fomo breakouts.
TRX long Target .042 - .048 short to mid term expectations.
As I've stated, price needs to break .028 with velocity for example .028 - .032 in one 30m candle then hold for a fomo breakout.
Price NEEDS to flag now. Support has moved up to .0236.