TRON (TRX) Surges Past $0.35, Targets $0.40–$0.45 Resistance
TRON price (TRX) extended its uptrend after reclaiming the 21-day SMA and breaking above the $0.35 barrier, briefly hitting $0.369. Bullish momentum is confirmed by the 21-day moving average crossing above the 50-day SMA and a series of doji candlesticks indicating steady consolidation. TRX now trades within a $0.35–$0.37 range and aims for key resistance levels at $0.40, $0.45 and $0.50. Support zones lie at $0.20, $0.15 and $0.10, with a breakdown below the 21-day SMA risking a retest of $0.31. Traders should watch for a decisive move above $0.37 to validate the bullish trend. Overall, technical indicators favor further gains in both the short and medium term.
Bullish
Reclaiming and holding above the 21-day SMA while breaking key resistance at $0.35 signals strong bullish momentum that could fuel further short-term gains. Persistent consolidation around $0.35–$0.37 and moving average crossovers support medium-term upside potential toward $0.40–$0.45. If bulls sustain momentum above $0.37, a breakout is likely; failure and a drop below the 21-day SMA would test support, but current indicators favor continued upward pressure.