TROY token is a cryptocurrency associated with the Troy Network, which functions as a global prime broker specializing in crypto trading and asset management.
Currently, TROY price is trading at $0.005, with an increase of more than 7% today alone. This bullish move started yesterday, and so far, it has spiked by around 25%.
TROY Technical Analysis
A crypto analyst with the Moon Whales handle on X presented a chart showing the TROY/USDT pair has demonstrated some bullish momentum, breaking through a critical resistance level at $0.00466. This technical breakthrough has caught the attention of many crypto investors.
Based on his analysis, he pointed out a resistance flip where the previous resistance at $0.00466 has transformed into a support level. He also drew a pattern formation where a clear falling wedge pattern preceded the breakout
READ ALSO: Here’s What 150 THORChain (RUNE) Coins (~$950) Could Be Worth in 2025
Volume Spike Indicates Strong Bullish Momentum for TROY Price
Based on his analysis, a falling wedge pattern was formed, followed by a breakout above the resistance zone. This was accompanied by a successful retest of the prior resistance, which is now the new support.
Notably, the breakout was supported by a spike in trading volume, reinforcing the strength of the upward move.
These factors indicate bullish momentum, with the current support level established at $0.00466. Key resistance levels to watch are $0.00505 and $0.00560, while a fallback to $0.00440 could signal weakness if the bullish trend fails.
READ ALSO: Cardano (ADA) vs. SEI: Which Is the Best Crypto to Buy for 2025 Bull Run?
The price outlook remains bullish as long as the price sustains above $0.00466 supported by the strong volume profile and the wedge breakout pattern. The technical structure points to a potential extended rally toward higher resistance targets.
