Tron Nears Critical Resistance Zone with Promising Signs

The altcoin Tron ( TRX ) is once again approaching a critical resistance zone around $0.25, a threshold it has struggled to surpass for months. As the network’s user base expands and liquidity deepens, there are indications that the price could gain momentum towards $0.30. The stabilization of trading volumes has fueled excitement among traders. For the breakthrough to be confirmed, a strong daily close is required.

Indications of a Breakthrough in TRX

In the $0.25 – $0.255 range, TRX/USD has repeatedly encountered selling pressure. The recurring reversals at five major peaks have reinforced this area as a strong sell zone. The first pullback resulted in a 19% drop to $0.21, while the subsequent two attempts saw lighter corrections of 5% – 8%. The upward channel, which has persisted since mid-March, encourages buyers with each dip, indicating sustained accumulation.

Technical indicators are feeding future hopes. The Relative Strength Index (RSI) is at 57.5, moving in the mid-band, with room for upward movement still evident. The bullish crossover in the MACD indicator shows momentum shifting towards buyers. Trading volume is more balanced compared to previous rapid sell-offs, reducing the risk of sudden pullbacks. However, if the breakout fails, a retracement toward the channel’s lower boundary, around the $0.245 support, might occur.

The Strong Foundations of the Tron Ecosystem

The amount of USDT held on the Tron network has surpassed $71.9 billion, establishing it as a leader in stablecoin transfers. The Total Value Locked (TVL) has exceeded $5.1 billion, demonstrating the depth of DeFi pools and strong liquidity. The daily average of 2.5 – 3 million active accounts highlights the network’s vibrancy. With MoonPay integration, US users can directly purchase TRX using fiat money, expanding access to the network.

Whale transactions indicate renewed confidence among major investors. Since the beginning of the year, whale wallets have seen a net influx of 126 million TRX, suggesting a strengthening hold rather than a loosening grip. Approximately 72% of the supply is under long-term control, indicating large holdings are set to remain. With 45% of TRX staked, liquidity supply decreases, contributing to price stability. Open positions are valued between $220 – $240 million, with a positive funding rate supporting long-term buyer sentiment.