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Key Highlights:
- TRX holds above $0.26 as it eyes breakout targets at $0.3254 and $0.3704.
- Risk and Sharpe Ratio data show TRX’s stability compared to other altcoins.
- Open interest and volume surge, supporting TRX’s upward price structure.
While many altcoins have fallen deeply, TRON (TRX) is still doing well. Backed by reliable risk metrics, higher prices and strong open interest, the asset is now close to its recent highs. As the price rises, the next key targets are set at $0.2797, $0.3254, and $0.3704.
TRX Stands Out as Other Altcoins Face Deep Drawdowns
According to a price drawdown heatmap from CryptoQuant covering 2020 to 2025, most altcoins haven’t reached their previous highs.
Red zones on ADA, AGLD, MATIC and AMP show that these tokens have lost at least 75% of their previous highs. Meanwhile, Bitcoin (BTC), Ethereum (ETH) and Tron have had less severe drawdowns and have recovered more in the past few months.
TRX is notable for having less severe drawdowns than other cryptocurrencies. The data shows that by early 2025, ETH is approaching zero drawdown, just like BTC.
Because of this, Tron is one of the few altcoins that is still near its highest value ever. While many cryptos are having a hard time, TRX’s ability to recover suggests there is strong demand or support from investors.
The trend is also supported by CryptoQuant’s long-term risk metric chart. According to the NRM, TRX is trading near $0.26, and the risk is still below 0.5.
In 2020 and 2021, when the values were similar, prices went up. For months, the token has kept its risk level balanced, without experiencing sudden rises.
In addition, the 180-day Sharpe Ratio chart backs up the current trend. TRX’s ratio has stayed between 0.2 and 0.3 which is much higher than the negative or flat ratios seen before. If the Sharpe Ratio is stable, it suggests that the returns are good for both individual and large investors.
Price Structure Supports Bullish Setup With Higher Targets
Rose Premium Signals’ chart reveals a clear breakout pattern on the TRX 4-day chart. After moving strongly from the $0.220–$0.235 zone, the cryptocurrency reached the first goal of $0.2797, which was a 25% increase from the mid-March bounce.
After that, the asset went back to test the breakout zone between $0.260 and $0.265 and then began consolidating just below resistance.
There are two new targets set on the chart at $0.3254 and $0.3704. The current price of $0.2726 supports the bullish setup, so long as it stays above $0.260.
Moreover, a break above $0.2797 could lead to a rally toward $0.3254 and, after that, $0.3704. Trendlines are drawn to converge at Fibonacci levels, giving the forecasted move a clear structure.
Open Interest and Volume Trends Confirm Growing Market Activity
According to Coinglass, TRX’s futures open interest is on the rise. Starting in December 2023, open interest increased steadily and reached more than $300 million in mid-May. At the same time, the price also rose, and it is now trading between $0.26 and $0.28.
There are three clear spikes in open interest shown on the chart that happened at the same time as price rallies. In August, December and May, we saw the price rise sharply before it corrected. Open interest rose again following pullbacks, suggesting that traders were still active.
Looking at the open interest chart, the trendline is rising, which means both retail and institutional investors are increasing their positions. An increase in TRX’s open interest, together with a rising price, is usually a sign that buyers are becoming more confident.
At the same time, the volume data matches the larger trend. Between March and April, trading volume was between $200 million and $400 million, but it spiked to more than $700 million in early May. These spikes, indicate that liquidity is backing up the price movement.
Volume is key to confirming that a breakout is happening. Should the price rise above $0.2797 on heavy volume, the levels at $0.3254 and $0.3704 will be more realistic. However, if the volume is lower on the next attempt, price may revisit the $0.260 support.
Disclaimer
In this article, the views and opinions stated by the author or any people named are for informational purposes only. And they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
