Tron (TRX) has displayed notable relative strength over the past month. However, after reaching a local high near $0.32, momentum has begun to fade. Price is now trading in a key decision area that could determine whether the recent move represents a constructive pullback within a broader uptrend or the early stages of a deeper structural weakening.

TRX technical analysis

TRXUSD - 1 Day Time Frame

Over the past month, TRX built solid upside momentum before stalling around the $0.32 level. This area aligns with a strong resistance zone between $0.318 and $0.325, where a clear rejection occurred. Following this rejection, price action on the daily timeframe produced a lower high and a lower low, indicating a loss of bullish structure and a weakening trend. For bullish conditions to regain credibility, the market would need to re-establish a sequence of higher highs and higher lows.

The primary support zone is currently located between $0.291 and $0.296, where price is trading now. The upper boundary of this zone coincides with the 0.5 Fibonacci retracement at $0.296. On the first test of this area, price reacted impulsively to the upside. However, the current retest has not produced a comparable reaction, suggesting reduced buying interest at this level. This behavior increases the probability of further downside exploration.

Below this area, the next level of interest is the 0.618 Fibonacci retracement at $0.290. This level could still attract a reaction, as it would involve a liquidity sweep beneath the main support. If this level fails to hold, attention would likely shift to the next support zone between $0.282 and $0.286, where stronger demand could potentially emerge.

TRX price target

If TRX manages to stabilize and regain strength in the coming days, the initial upside reference points would be the Fibonacci retracement levels, with the 0.382 level at $0.302 followed by the 0.236 level at $0.309. Beyond these, the previously mentioned resistance zone between $0.318 and $0.325 remains a critical barrier.

A sustained break and acceptance above this resistance zone could open the path toward the next resistance area between $0.336 and $0.343. This zone may attract increased selling pressure, as it represents a broader supply area where at least a temporary slowdown or consolidation could occur.