TRON Momentum Cools: Key Chart Levels Every TRX Trader Should Watch

Table of Contents

After a steady climb over several sessions, TRON now faces a critical test near the resistance zone around $0.2702. The asset rallied from sub-$0.26 levels, gaining short-term bullish traction, but the recent pullback to $0.2659 signals potential exhaustion in the uptrend. This is occurring just beneath the resistance ceiling, suggesting traders are starting to take profits or grow cautious.

Moving averages on the daily chart remain supportive of the broader uptrend. The 9-day and 20-day exponential moving averages continue to rise, confirming the short- and mid-term bullish bias. TRON has been closing above both EMAs, which typically reflects strength in buyer conviction. However, the narrowing gap between the current price and the 9 EMA suggests that bullish pressure may be waning.

Momentum indicators paint a more nuanced picture. The RSI surged into overbought territory but has since started to retreat, which often signals a potential cooldown or sideways action. This shift is reinforced by the MACD histogram, which, while still positive, is beginning to flatten out—often a precursor to trend exhaustion or short-term reversals.

Daily chart for TRX/USD (Source: GeckoTerminal)

The most immediate resistance remains the $0.2702 zone. A clean break above this level, supported by strong volume, could open the door for a retest of much higher resistance around $0.4334. However, if TRON continues to stall here, the market may revisit nearby support at $0.2629. A break below this level would likely test deeper support zones at $0.2534 or even $0.2442, where the 20 EMA could act as a stabilizing force.

TRON Trade Setup Outlook

For long trades, a confirmed breakout above $0.2702 with strong bullish continuation would offer a favorable entry, especially if RSI remains elevated but not overextended. Stop-losses could be placed just under $0.2629 to manage risk. On the other hand, conservative bulls might wait for a pullback to the $0.2534–$0.2442 support range to re-enter at more favorable prices.

Short traders might look for rejection signals at the resistance zone or a bearish divergence in momentum indicators like the MACD or RSI. A break below $0.2629 by TRON could validate downside potential, with targets around $0.2534. However, any short setups should be managed tightly given the prevailing bullish trend in the higher timeframes.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Ecoinimist is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Author

Steven Walgenbach

Steven's passion for cryptocurrency and blockchain technology began in 2014, inspiring him to immerse himself in the field. He notably secured a top 5 world ranking in robotics. While he initially pursued a computer science degree at the University of Texas at Arlington, he chose to pause his studies after two semesters to take a more hands-on approach in advancing cryptocurrency technology. During this period, he actively worked on multiple patents related to cryptocurrency and blockchain. Additionally, Steven has explored various areas of the financial sector, including banking and financial markets, developing prototypes such as fully autonomous trading bots and intuitive interfaces that streamline blockchain integration, among other innovations.

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