- TRX has maintained higher lows since 2022, with each rounded base acting as a launchpad for fresh bullish continuation.
- A breakout above the $0.285 resistance could revive momentum, but repeated rejection signals sellers still control short-term direction.
- Volume decline and tight range suggest indecision, yet structure remains intact while support at $0.2560 continues to attract buyers.
TRON (TRX) continues to show technical resilience after a multi-year bullish run, holding structure above key support levels. Despite rejection below $0.285, the price remains tightly coiled inside a consolidation zone. Momentum has slowed, but market structure on weekly and intraday charts remains intact.
Rounded Bases Signal Controlled Accumulation
Since early 2022, TRX has carved a pattern of rounded bases, each forming reliable springboards for bullish continuation. A notable base between late 2021 and mid-2022 supported a sustained move from $0.048 to $0.18 by December 2023. That structure reflected long-term accumulation, confirmed by steady volume growth across breakouts.
Source: Post on X
After the December high at $0.345, TRX retraced but held a clean higher low near $0.18, where buyers returned. This base gave way to a measured rally back toward $0.2729, where price currently trades. The recent 3.54% drop remains within range and has not disrupted trend structure or volume dynamics.
Each base along the rally, most recently near $0.20, formed a clear continuation zone. These patterns hint at sustained demand rather than speculative bursts. As price trades just under the $0.285 barrier, a decisive breakout remains key for the next leg. Until then, the broader trend holds a bullish bias with healthy structure.
Resistance Clusters Cap Short-Term Upside
On the 4-hour chart, TRX faces aggressive resistance from $0.2760 to $0.2840, where every breakout attempt has failed. The price action reflects a bearish supply zone, confirmed by immediate rejections and weakening candles on each approach. Sellers continue to defend these upper levels with conviction.
Source: Post on X
Support remains firm between $0.2560 and $0.2600, where a strong bounce occurred on June 1. A deeper base sits at $0.2400–$0.2460, reinforcing long-term demand. Together, these zones form a tight horizontal range, where price oscillates in a consolidation channel.
Volume has notably decreased since May’s surge, pointing to lowered conviction from both buyers and sellers. This low-volatility phase could signal a pause or indecision. The question now is whether TRX will reclaim bullish momentum above $0.285 or face deeper downside if $0.2560 breaks. Structure holds, but pressure builds.
