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$TRX Near Key Resistance: Healthy Consolidation After Strong Rally
TRON (TRX) is currently trading around 0.296, showing signs of consolidation after a strong upside move. On the 4H timeframe, price has climbed steadily from the 0.270 zone, forming a clear sequence of higher highs and higher lows, which confirms a short-term bullish structure. The recent push toward 0.298–0.300 marks a critical resistance area where sellers are becoming active, leading to a brief pause rather than a sharp rejection — a constructive sign for bulls.
On the 1H chart, TRX is consolidating below the local high at 0.2986, indicating profit-taking and balance between buyers and sellers. Despite the pullback, price is holding above 0.293–0.294, which now acts as immediate support. As long as this zone holds, the broader momentum remains intact, and a breakout above 0.300 could open the door toward the 0.305–0.310 region.
📊 Key Levels to Watch
Resistance: 0.2986 – 0.3000
Support: 0.2940 → 0.2910
Bias: Bullish while above 0.291
Overall, TRX is showing healthy consolidation after an impulsive move, suggesting continuation rather than reversal. A clean break above 0.300 with volume would confirm bullish continuation, while a loss of 0.291 support may trigger a deeper pullback before the next leg up. ⚡
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