TRON (TRX) has shown signs of upward momentum recently, but strong resistance near the $0.28 level continues to block its next move. While the altcoin remains in a positive trend, traders are watching closely for either a breakout or a reversal.
🔹 TRX Price Stalls Just Below a Key Barrier
After hitting a local high of $0.279 on May 12, TRON’s rally lost steam and entered a sideways trading range. For the past two weeks, TRX has been hovering between the 21-day simple moving average (SMA) and the resistance level at $0.28.
As of now, TRX is trading at $0.274, staying above both key moving averages — a signal that the bullish structure remains intact.
🔍 What Does the Technical Setup Say?
If buyers manage to push the price above the $0.28 resistance, TRON could pick up momentum and aim for the next key level at $0.30. However, maintaining support above the 21-day SMA is essential to confirm this bullish trend.
Should the bears gain control and push the price below the 21-day SMA, TRX could retreat toward the 50-day SMA or even down to $0.25.
📊 Indicators Suggest Strength, But With Caution
Technical indicators still support the upward trend:
🔹 Moving averages on the daily chart are sloping upwards
🔹 Candles remain above the SMA lines, signaling ongoing buyer interest
🔹 On the 4-hour chart, TRX is showing a sideways pattern between $0.26 and $0.28, capping further movement for now
📈 Key TRON Price Levels
Resistance:
🔺 $0.28 (immediate ceiling)
🔺 $0.30 (short-term target)
🔺 $0.40, $0.45, $0.50 (mid-term resistance)
Support:
🔻 $0.25
🔻 $0.20
🔻 $0.15
🧭 What’s Next for TRON?
TRON is currently in a solid position for potential upside, but the $0.28 resistance needs to be broken for a clear rally toward $0.30 and beyond. If not, the market could enter further consolidation or pull back slightly before another attempt.
Traders should closely watch how TRX behaves around the $0.28 level — it’s likely the deciding factor for the next trend direction.
#Tron , #TRX , #CryptoAnalysis , #crypto , #priceprediction
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“