- Tron price remains pressured at weekly low as sellers eye key support.
- A convergence of 100-day SMA, 15-week rising trendline keeps TRX bears at bay.
- Oversold Stochastic momentum indicator adds strength to $0.3320 support.
- Tron sellers can target $0.3000 if nearby support breaks, while recovery struggles below $0.3480.
- Broad bullish trend holds as long as TRX stays beyond 200-day SMA.
Tron (TRX) price drops half a percent to $0.3350, down for the second consecutive day at the weekly low during early Friday morning in New York. With this, the altcoin looks set for a weekly loss, but remains indecisive on a monthly basis, following a downbeat September, as the key technical support joins the oversold stochastic momentum indicator to challenge the TRX bears.
Notably, upbeat trading volume and a monthly low in the market capitalization (market cap), as well as the quote’s lower high formation since early September, keep sellers optimistic. That said, Tron’s daily trading volume hit a two-week high the previous day, before easing slightly to $957.40 million, whereas the market cap slides to the lowest since September 30, to $31.66 billion as we write, according to Santiment.
Although a downside break of $0.3320 bolsters the risks of witnessing Tron’s slump, the broad bullish trend holds as long as the prices stay beyond the 200-day SMA.
Also read: Tron Transfer Activity Hits New High: Is TRX Price Gearing Up for Another Rally?
Tron Price Daily Chart Highlights $0.3320 Support
Tron’s lower-high formation since early September joins a clear reversal from a five-week resistance line to lure short-term sellers. However, the 100-day Simple Moving Average (SMA) and an ascending trend line from late June converge near $0.3320 to highlight a strong support level. Adding strength to the said technical support is the nearly oversold Stochastic momentum indicator.
Hence, $0.3320 is a make-or-break level for the TRX traders, a break of which could trigger the quote’s slump toward the $0.3000 psychological magnet, with the 23.6% and 38.2% Fibonacci retracements of its February-August rise, near $0.3300 and $0.3060, acting as intermediate halts.
Should Tron remain weak past $0.3000, the 200-day SMA level of $0.2960 will be the last defense of buyers, before challenging the broad bullish trend, potentially directing prices toward June’s low of $0.2590 and lower.
During the TRX’s anticipated fall past $0.2960, the 50% and 61.8% Fibonacci ratios could test the bears around $0.2860 and $0.2660 in that order. On the flip side, TRX recovery could initially aim for a downward-sloping resistance line from August, close to $0.3460, a break of which will highlight a five-week-old trendline resistance surrounding $0.3480.
In a case where the TRX remains firmer past $0.3480, its rally to September’s high of $0.3555 will be imminent. Beyond that, 38.2% Fibonacci Extension (FE) of Tron’s March-September moves, near $0.3600, could test the bulls before directing them to the yearly high of $0.3708.
TRX Price’s Four-Hour Chart Suggests Sideways Moves
On the four-hour chart, Tron’s clear downside break of the 50-bar and 200-bar SMAs joins its reversal from a four-week falling resistance line to underpin bearish bias. However, a month-long ascending support line surrounding $0.3335 guards the quote’s immediate downside.
Below that, the 38.2% Fibonacci retracement of August-September downside, near $0.3260, acts as an additional downside filter for the TRX, apart from the key $0.3320 mark. Alternatively, a confluence of the 50-bar and 200-bar SMAs, around $0.3410-$0.3415, could restrict short-term TRX recovery, ahead of the descending resistance line from August, close to $0.3460.
Conclusion
To sum up, Tron portrays a bearish consolidation, with a decisive break below $0.3320 required to confirm deeper losses. However, strong fundamentals and oversold stochastic suggest a rebound in prices, which would require a push above $0.3480 to reignite the buyer interest. Overall, TRX’s broader uptrend stays intact as long as it stays beyond the 200-day SMA support.
Also Read: Top 5 Altcoins to Watch in October 2025
