TRON Price Stalls at $0.29 as Bears Target $0.18
TRON price has stabilized above the key $0.29 support level but remains under bearish pressure. Since October 20, TRX price has traded between the 21-day and 50-day simple moving averages (SMAs), with a recent breach of the 21-day SMA signaling growing bearish momentum. A break below the 21-day SMA could drive prices toward the 50-day SMA at $0.277 and potentially to the 2.618 Fibonacci extension at $0.182. On the 4-hour chart, downward-sloping MAs confirm the short-term downtrend. Key resistance zones lie at $0.40, $0.45, and $0.50, while supports are at $0.29, $0.27, and $0.20. Traders should monitor TRON price action around the SMAs and support levels for potential breakouts or breakdowns.
Bearish
TRON price has breached its 21-day SMA and trades below key moving averages, indicating sustained bearish momentum. The downward-sloping MAs on the 4-hour chart and the retest of support levels at $0.29 and $0.27 suggest further downside risk toward $0.182. In the short term, traders may see limited relief if support holds, but the dominant trend remains bearish until a clear breakout above the 21-day or 50-day SMA occurs. Historically, similar SMA breaches have led to accelerated sell-offs, reinforcing the likelihood of continued downward pressure on TRX price.