While TRX may bounce, the short-term outlook could trigger a decline | Credit: Hameem Sarwar
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Key Takeaways
TRX faces strong resistance near $0.32, triggering a pullback as momentum weakens and buyers lose short-term control.
Bearish signals are building, with MACD crossover, RSI cooling, and negative funding rates pointing to growing short pressure.
Despite this, structure remains bullish above $0.30, and a breakout could spark a short squeeze, fueling a potential 30% rally.
After a sustained period of price pressure that left Tron (TRX) nursing significant losses, a meaningful bounce has shifted the cryptocurrency’s technical landscape, warranting serious attention.
The all-time high, once a distant reference point, is now just 30% away.
While the TRX price could soon retest that level, this analysis reveals it could first face a roadblock.
Tron Retests Recent Lows
TRX’s uptrend is showing early signs of exhaustion. After a steady climb, the price action faced a rejection near a critical resistance zone, triggering a short-term pullback.
Now, momentum indicators are turning, raising questions about the continuation.
The Tron coin rallied consistently from the $0.28 region, printing higher lows and higher highs.
However, the move stalled just below the $0.32 resistance level. Sellers stepped in at that zone. As a result, the price quickly retraced toward the $0.31 area.
Notably, this rejection aligns with a clear horizontal resistance level. This suggests strong supply overhead.
Meanwhile, the failure to break higher indicates weakening bullish conviction in the short term.
On the 4-hour chart, the Moving Average Convergence Divergence (MACD) shows a bearish crossover forming.
The histogram has flipped negative, confirming a fading upside move. At the same time, the signal lines are curling downward, reinforcing the likelihood of continued consolidation or downside.
Adding to this outlook, the Relative Strength Index (RSI) has dropped from near overbought territory and now sits around the mid-range at 49.28.
At the same time, sustained negative funding introduces squeeze potential. If the TRX price continues higher, short positions may unwind, fueling upside momentum.
Meanwhile, leverage stays relatively controlled, limiting downside risk. For now, the market remains balanced, but tension is clearly building.
The altcoin’s price has recovered strongly from $0.30, supported by steady buying pressure. However, it now faces critical resistance that could define the next move.
TRX’s structure shows higher lows and sustained momentum, signaling ongoing bullish control. The Awesome Oscillator (AO) is printing consecutive green bars, confirming buying strength.
Meanwhile, the Money Flow Index (MFI) sits near 69, close to overbought territory, suggesting capital inflows may slow.
Key resistance sits at $0.31, with further upside potential toward $0.32 at the 0.618 Fib level and $0.336 at the 0.786 Fib level if momentum continues.
Overall, TRX remains in a cautiously bullish phase. Bulls must defend above $0.30 to maintain the uptrend, while short-term indicators warn of potential consolidation before a breakout.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
