Based on the latest technical analysis of TRON (TRX/USDT) price as of May 30, 2025, here are the main support and resistance points today:
### 1. Support Levels
- Immediate support: $0.234 — a critical level if the price drops, where it may face strong buyers to prevent further decline.
- Secondary support: $0.2358 — mentioned in the 30-minute frame analysis as a buying entry area upon breakout.
- Strong support: $0.231 — mentioned in the ascending channel analysis as a potential minimum if the initial support is broken.
### 2. Resistance Levels
- Immediate resistance: $0.246 — a strong selling area where repeated selling pressure is observed, as mentioned in the ascending channel analysis.
- Average resistance: $0.2389 — an important level to break to confirm the continuation of the upward trend.
- Strong resistance: $0.270 — close to the current price ($0.27067), and may act as a psychological barrier for traders.
### 3. Supporting Technical Indicators
- Moving averages:
- EMA(20) at $0.2689 and **SMA(50) at $0.2568** act as dynamic support.
- EMA(200) at $0.2473 may act as resistance if the price moves upward.
- RSI (14) at 60.77 — indicates neutral momentum with potential for an overbought condition if it exceeds 70.
- MACD (12,26) at 0.005399 — weak sell signal, but it may reverse direction if it turns positive.
### 4. Price Movement Forecast
- Bullish scenario: If the price breaks $0.246, it may target $0.270 then $0.275 (pivot points).
- Bearish scenario: If the price breaks $0.234, it may drop to $0.231 or lower.
### 5. Additional Notes
- Trading volume: a decrease in trading volume by -$633.90 million in 24 hours may indicate market caution.
- Fundamental analysis: circulating supply (94.87 billion TRX) and market cap ($25.68 billion) may affect liquidity. $$
