TRON maintains bullish structure but $0.30 is key resistance

Published: 2026-01-11 21:13:46 |

TRON (TRX) shows a bullish weekly swing structure after a rally from $0.21 to $0.37 and a bounce off the 61.8% retracement near $0.272. Weekly indicators — a rising OBV and an RSI around 51 — point to renewed buying pressure and upward momentum. Short-term price action has met resistance at the psychological $0.30 level; a recent intraday rejection at ~$0.3025 pushed TRX back to ~ $0.299. Analysts suggest waiting for $0.3012 (the early-November swing high) to flip to support before entering longs, with upside targets at $0.324 and $0.347. A fall below $0.29 would invalidate the bullish setup. Headline developments supporting TRON include higher USDT transfer volumes on the network, fee burn mechanics, increased staking, and Wirex launching an on-chain payment layer on TRON. Traders should also monitor Bitcoin: a BTC drop below ~$89,000 could trigger market-wide selling and pressure TRX. (Keywords: TRON, TRX, $0.30 resistance, breakout, OBV, RSI, Bitcoin correlation.)

Bullish

The article outlines a constructive technical picture for TRX: a clear weekly swing up from $0.21 to $0.37, a successful retest of the 61.8% Fibonacci level near $0.272, rising OBV, and RSI above 50. These indicators typically signal accumulation and the potential for continuation. The key constraint is the $0.30 supply zone — reclaiming $0.3012 as support is presented as the trigger for new long entries, with measured upside targets ($0.324, $0.347) and a clear invalidation level ($0.29). Positive protocol developments (USDT transfer volume dominance, fee burn, staking growth, Wirex on-chain payments) add fundamental support. The primary risk is macro correlation: if Bitcoin falls below ~$89k, it could prompt broad selling that negates the bullish technical setup. Historically, similar setups where a token holds higher-timeframe structure and reclaims a resistance-turned-support level have led to orderly breakouts; conversely, BTC-led market selloffs have repeatedly forced even fundamentally strong altcoins into short-term downtrends. For traders: expect a bullish bias if $0.3012 flips to support, manage risk with a stop below $0.29, and monitor BTC for market-wide risk events.