TRON [TRX] has slipped below the crucial $0.30 support level, signaling a potential shift in market structure that could invite more bearish pressure in the short term. After multiple failed attempts to reclaim the $0.325 resistance earlier this week, renewed selling activity has driven TRX into a vulnerable position — one that could set the stage for heightened weekend volatility.
📉 Bearish momentum strengthens
The rejection near $0.325 triggered a wave of liquidation and negative funding rates across futures markets, reinforcing bearish sentiment. Spot market data also showed sustained selling pressure, with cumulative volume delta (CVD) trending lower, confirming that aggressive sellers are currently dominating market activity.
On the technical front, TRX has formed a sequence of lower highs since August — a pattern often indicative of gradual bearish control. With the daily RSI remaining below neutral 50 and moving averages trending downward, the market momentum continues to favor sellers.
📊 Key levels to watch
The $0.30–$0.31 zone, once a strong demand area, has now flipped into potential resistance. A daily close below $0.30 could confirm a structural breakdown, paving the way for a deeper pullback toward $0.264 — the next key support zone. Traders anticipating further downside may wait for a bearish retest of $0.30–$0.31 before considering short positions.
However, if bulls manage to quickly reclaim the $0.30 handle and sustain it with increasing volume, a short-term rebound toward $0.32 remains possible. This move would require strong buying pressure to counterbalance the ongoing wave of sell orders and bearish sentiment.
⚠️ Market sentiment and caution
Open Interest data shows a rise in short positions even as prices decline, suggesting that speculative traders are growing confident in further downside movement. Yet, given the oversold conditions in some momentum indicators, a brief liquidity-driven recovery cannot be ruled out.
In the bigger picture, TRX remains in a corrective phase after months of resilience, with bears currently dictating short-term market direction. The coming days will be crucial — holding above $0.30 could give bulls room to recover, but losing this level may invite another leg down toward $0.26.
