- Tron fades recovery from 50-day SMA, “Double Tops” on four-hour chart teases bears.
- Mixed momentum indicators, bearish chart pattern point to TRX downside, but 100-day and 200-day SMAs offer strong support.
- TRX/USD bulls stay cautious below $0.3070; a break under $0.2670 risks the four-month uptrend.
Tron (TRX/USD) struggles to hold its bounce from the 50-day Simple Moving Average (SMA), hovering near $0.2750 as sellers eye a chance to push lower heading into Thursday’s U.S. session. The pair hits resistance at the 100-bar SMA on the four-hour chart and forms a classic “Double Top” bearish pattern, sparking selling pressure. Meanwhile, the steady 14-day Relative Strength Index (RSI) and bearish Moving Average Convergence Divergence (MACD) warn of fading momentum, putting TRX’s strong four-month rally at risk.
TRX/USD: Daily Chart Signals Defensive Performance
Source: Tradingview
Even though the 50-day SMA slowed Tron’s (TRX/USD) drop from a long-term resistance, steady RSI and bearish MACD signals challenge buyers as the price struggles to climb higher.
Sellers need a daily close below the 50-day SMA near $0.2690 to confirm control. Still, a strong support zone formed by the 100-day and 200-day SMAs around $0.2530–$0.2535 stands firm against further decline.
If broken, TRX could gradually fall toward April’s low near $0.2200. Sellers may also pause around $0.2450–$0.2540, where multiple tops appeared in late March and early April.
On the upside, Tron buyers face resistance between $0.2960 and $0.3070, key levels since December 2024. Breaking above this could push TRX toward $0.3300, $0.3450, and $0.4000, before challenging the late 2024 peak near $0.4500.
TRX/USD: Four-Hour Chart Challenges Buyers
Source: Tradingview
The daily chart shows Tron holding steady, but the four-hour chart reveals a “Double Tops” bearish pattern between $0.2670 and $0.2960, making the case more interesting.
TRX recently failed to break above the 100-bar SMA, with weak MACD signals and an upward trendline near $0.2685 adding pressure on buyers.
If TRX stays below $0.2670, traders may target a drop toward $0.2300, with key support levels noted on the daily chart.
On the upside, breaking above the 100-bar SMA at $0.2775 could push TRX to test the “Double Tops” near $0.2960 again. After that, daily chart resistance levels become important.
In short, Tron’s upside momentum is fading, but the four-month uptrend is still likely to hold—for now.
