TRON (TRX) Slides Toward $0.276 as Moving Averages Break
TRON (TRX) has weakened since January 23 after bullish momentum stalled at $0.31 and price dropped below key moving averages. The break under the 50-day SMA signals bearish pressure; short-term charts show the 21-day SMA below the 50-day SMA and 4-hour candles trading beneath declining moving averages. TRX was quoted at $0.289, with a likely revisit of the prior low at $0.276. Immediate support sits around $0.285–$0.29; key resistance zones are $0.40, $0.45 and $0.50 while downside supports noted at $0.20, $0.15 and $0.10. Technical indicators and bearish signals suggest continued selling pressure unless price reclaims and sustains above the 50-day SMA. This is an analytical opinion, not investment advice.
Bearish
The article describes TRX breaking below its 50-day SMA and trading under declining moving averages, with the 21-day SMA below the 50-day SMA on short-term charts — classic technical signals of a downtrend. Price rejection near $0.295 and current trading around $0.289 point to near-term downside toward $0.276, with only a sustained move above the 50-day SMA likely to reverse momentum. Historically, altcoins that lose their medium-term moving average support often face extended sell pressure and lower liquidity, especially if broader crypto sentiment is neutral or negative. For traders: expect heightened short-term volatility and potential shorting or protective stop-loss activation; longer-term reversal requires reclaiming and holding above the 50-day SMA and turning short-term SMAs upward. Thus the net impact is bearish until technical supports hold or are invalidated by a bullish breakout.