Tron (TRX) Price Trades Inside Bullish Pattern With Breakout From Triangle on the Horizon

Key Takeaways

• Correction extends into the W–X–Y–X–Z formation.
• The ascending triangle structure shows signs of exhaustion.
• A $0.25 breakout invalidates the bearish scenario.
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TRX is navigating a prolonged corrective phase after peaking in early December.

The higher time frame reveals a W–X–Y–X–Z complex correction with a current triangle formation playing out as wave X of the second degree.

With momentum fading near key Fibonacci levels, further downside appears likely unless invalidation levels are breached.

The lower time frame chart zooms in on the triangle structure, evaluating potential breakout directions within a tightly coiled consolidation.

TRX Price Analysis

After reaching a cycle high of $0.45 on Dec. 3, TRX entered a deep correction, forming a W–X–Y pattern and hitting a low of $0.20 on Feb. 2.

This low likely completed Wave Y. A rebound followed but was capped at $0.245, aligning precisely with the 0.618 Fibonacci retracement of the prior decline.

The rejection from this zone confirmed that the correction had not been completed, leading to an extension into a second wave X and an anticipated final Wave Z.

Since the February low, TRX has carved out a tight ascending triangle.

This structure fits the profile of a lower-degree a–b–c–d–e triangle, likely forming wave X within the ongoing complex correction.

The price is consolidating just below major horizontal resistance at $0.245, and the Relative Strength Index (RSI) is hovering near the midpoint, indicating a neutral stance with room for directional acceleration.

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Given the triangle’s converging structure and its context within a corrective sequence, a final downward move for wave Z appears probable.

Confirmation would require a breakdown below the ascending triangle’s support trendline.

TRX Price Prediction

On the 1-hour chart, the triangle is resolved into microstructures, showing multiple valid interpretations of the internal a–b–c–d–e count.

The most probable outlook is that the e-wave has already been completed, and TRX is now beginning the downward movement into Wave Z.

The first target lies at the 0.786 Fibonacci retracement, near $0.189, corresponding to a full retracement of the triangle’s base from the February low.

A decisive break below the ascending support — visible connecting the February and March higher lows — would validate this bearish continuation.

Alternatively, a scenario remains where wave e is incomplete, and the price may attempt one final spike upward within the triangle.

If this occurs, resistance sits at $0.25, and a breakout above this level would invalidate the bearish scenario altogether, suggesting a trend reversal and end of the W–X–Y–X–Z correction.

The RSI on this time frame remains non-extreme and supports a volatility expansion—either into breakdown or breakout—over the coming sessions.

Key Levels to Watch

• Immediate Support: $0.205 – ascending triangle base.
• Primary Breakdown Target: $0.189 – 0.786 Fibonacci retracement.
• Critical Resistance: $0.245 – 0.618 Fib / triangle top.
• Bearish Invalidation: $0.25 – breakout level above wave e.