In the past 30 days, Tron (CRYPTO:TRX) has surged by nearly 15%, reaching a multi-month high of $0.12.

This price increase is supported by a high Relative Strength Index (RSI) of 75.72, indicating strong demand for the altcoin.

The RSI suggests that TRX is currently overbought, which may lead to a slight price correction.

Additionally, TRX's futures open interest has increased by 39% in the last month, showing heightened trader participation.

The price surge has led to the formation of an ascending channel, signaling a potential bullish trend.

If demand continues, TRX could break resistance and trade above $0.13, though a pullback may occur if profit-taking begins.