Tron’s price dipped slightly to around $0. 23 on Wednesday after experiencing a nearly 12% rally over the past two days. Justin Sun, the founder of TRX, announced an upcoming partnership with the Solana blockchain, which has generated excitement and contributed to the recent price surge. The technical analysis indicates a potential continuation of the rally, with a target of reaching the $0. 27 level. Tron (TRX) traded at $0. 23 on Wednesday, marking a slight decrease after a nearly 12% increase in the prior two days. The enthusiasm surrounding the announcement of Tron's expansion with the Solana blockchain by founder Justin Sun has fueled the current momentum. The technical outlook is positive, suggesting a possibility of advancing toward the $0. 27 target. Justin Sun revealed the collaboration with Solana on Tuesday, stating that the TRX token will soon be integrated into its blockchain.

This news excited the crypto community, resulting in an approximate 8% surge in TRX on that day, driven by expectations of increased adoption, enhanced interoperability, quicker transactions, and heightened interest from investors. The integration with Solana could open doors for new decentralized finance (DeFi) applications and non-fungible tokens (NFTs), making TRX more appealing to developers and users alike, potentially boosting liquidity and wider acceptance of the token. **Tron Price Forecast: Bulls Target $0. 27** Tron’s price found support near the 200-day Exponential Moving Average (EMA) around $0. 21 on Monday and rebounded with a 7. 43% gain the following day. As of Wednesday, TRX encountered resistance at the weekly level of $0. 24, currently trading near $0. 23. Should TRX manage to break above and close past the weekly resistance of $0. 24, it could continue its rally, aiming to retest the next level of daily resistance at $0. 27. The daily Relative Strength Index (RSI) stands at 52, above the neutral threshold of 50, suggesting bullish momentum. Additionally, the Moving Average Convergence Divergence (MACD) has shown a bullish crossover on Wednesday, providing buy signals and hinting at a potential bullish trend ahead. In the TRX/USDT daily chart, if TRX fails to hold above the 200-day EMA at $0. 21 and closes below this level, it may see a decline to retest the low of $0. 20 from December 2.