TRON has entered overbought territory since May 9th, signaling a growing possibility of a price correction. While the bullish momentum remains intact, this suggests that TRON may need to cool off and consolidate strength before initiating its next upward wave.
The base support area for TRON appears to be around the 0.25 level. As long as the bullish momentum is preserved, this trend is likely to continue. During a potential pullback to this support, the price could shift from overbought to neutral territory, which would further reinforce the upward movement. However, if TRON falls below the 0.24 level and remains there, it could enter an oversold state and face sharper corrections.
Written by BorisVest
