TRON Price Soars Above $0.35, Aiming for $0.41 Resistance
TRON price continued its bullish trend after reclaiming key moving averages. On the daily chart, TRX climbed above both the 21-day and 50-day SMAs, broke past the $0.35 resistance and peaked near $0.369. Immediate hurdles lie at $0.36, with major barriers at $0.40, $0.45 and $0.50. Support levels stand at $0.33 and $0.31, while longer-term zones at $0.20, $0.15 and $0.10 offer downside protection.
In the 4-hour timeframe, TRX is consolidating in a tight $0.35–$0.37 range, with doji candlesticks signaling temporary pause. A decisive break above $0.36–$0.37 could trigger a rally to $0.41 and beyond. Conversely, a drop below the 21-day SMA around $0.33 may lead to a retest of $0.31.
Traders should watch TRON price for a confirmed breakout to plan long positions, using the $0.33 support as a risk buffer. Overall, moving averages and a sequence of higher highs signal sustained bullish momentum for TRX in both the short and medium term.
Bullish
The news that TRON price has reclaimed both the 21-day and 50-day SMAs and broken above the $0.35 resistance reinforces a bullish outlook. In the short term, tight consolidation around $0.35–$0.37 with doji candlesticks suggests a healthy pause before a potential breakout. A clear move above $0.36–$0.37 is likely to attract fresh buy orders, driving TRX toward $0.41, $0.45 and beyond.
In the medium to long term, the alignment of moving averages in ascending order and a pattern of higher highs underscores sustained upward momentum. Traders historically respond positively to moving-average crossovers, further supporting a bullish bias. However, a fall below the 21-day SMA (near $0.33) would signal weakness and could trigger a deeper pullback. Overall, the technical setup favors continued gains for TRX, making long positions on confirmed breakouts the preferred strategy.