TRON Holds Above $0.3574 Support as Price Nears Critical $0.369 Resistance

robot
Abstract generation in progress

TRX has increased over 50x since it was launched with a multi-year uptrend.

Despite the volatility in the market in recent sessions, solid support at the level of $ 0.3574 has been maintained.

The upper limit of the current 24-hour range at $0.369 is acting as resistance to price.

TRON (TRX) has sustained a strong upward trajectory, with the price going on from initial launch at $0.0068 to current levels of $0.3682. This registers over 50-fold growth from initial price of launch, which is a sign of sustained bullish formation over the course of several years

The last 24 hours recorded a 3.0% increase, with buying power maintaining the token at near proximity to an important resistance level at $0.369. Support remains robust at $0.3574, providing a good base for further movement. Price action remains in a long-term upward trendline, which has held since mid-2020.

TRX Steadies Between Support and Resistance in Tight Trading Range

Notably, TRX's upward trend has been supported by the strong support level at $0.3574. It has acted as a stabilization point for recent prices. The price has been maintained above this level, reflecting the existence of dip buying pressure in the short term. For recent sessions, TRX's trading range has remained between $0.3574 and $0.369, reflecting uniform market action within this bandwidth.

Following recent gains, TRX is now testing resistance at $0.369. This is the high of the 24-hour range. Action in this price area will be key, as sustained pressure could push the token higher. However, the consistent price action shows that traders still remain cautious and wait for sentiment in general. This game of cat and mouse between support and resistance is occurring in concert with general crypto market stability, which sustains TRX's trend.

Long-Term Chart Patterns Indicate Steady Growth

On multi-year maps, TRX has been following a smoothly increasing support line since 2020. This resilience of the trendline has also led to a long recovery trend, with noteworthy breakouts of consolidation boundaries in 2024 and 2025

The recent price action has also followed this trend with the token trading above major structural levels. This same observation is as well supported by the volume activity as more than 4.11 billion dollars were traded within a 24-hour period.

The post TRON Holds Above $0.3574 Support as Price Nears Critical $0.369 Resistance appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

TRX0.52%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)