- TRX tests crucial $0.30 resistance; CryptoTony predicts $0.312 target if flipped successfully.
- Price stabilizes at $0.2765 after sharp decline from $0.36 highs amid broader market pressures.
- Mixed community sentiment: bullish DeFi adoption vs trader warnings of chart weakness.
The fast-paced world of cryptocurrency trading, TRON (TRX) continues to capture attention with its resilient ecosystem and potential for volatility. Renowned trader CryptoTony recently shared an update on X, highlighting a critical juncture for TRX against USD. According to his analysis, accompanied by a detailed 3-day chart from TradingView, TRX is testing significant levels that could dictate its short-term trajectory.
The chart illustrates TRX’s price action over the past year, starting from a steady climb in mid-2025, peaking around $0.36 in late summer, followed by a pronounced correction. By December 2025, the token had dipped to lows near $0.27, reflecting broader market pressures possibly influenced by regulatory shifts and macroeconomic factors. TRX hovered at approximately $0.2765, down 0.21% in the session, with a horizontal resistance line marking $0.30 as the pivotal point.
Chart Reveals Price Journey
CryptoTony’s post is straightforward: “Flip $0.30c and we really do send it higher to $0.312.” This suggests a bullish scenario where breaking above $0.30 could trigger momentum buying, pushing toward the next resistance at $0.312. Such a move would align with TRON’s ongoing developments, including expansions in decentralized finance (DeFi) and stablecoin integrations via the TRON network, which boasts low fees and high throughput. Justin Sun’s blockchain has seen increased adoption in emerging markets, bolstering its utility beyond mere speculation.
However, the update has sparked diverse reactions from the crypto community. Replies to the post reveal a split in sentiment. Trader WizzTrades expressed skepticism, stating, “I just don’t like the chart of $TRX personally,” citing potential weaknesses. Conversely, Certa supported the optimism, predicting an easy climb to $0.315. Others, like 0xBorz, cautioned about smart money positioning below $0.295, implying a possible fakeout if retail investors chase the breakout.
TRON Ecosystem Strengths
From a technical standpoint, the candlestick patterns show bearish dominance in recent months, with red candles indicating selling pressure. Yet, the recent green flickers suggest accumulation at lower levels. Volume analysis, though not detailed in the chart, would be key to confirming any upside. Traders should watch for Bitcoin’s influence, as altcoins like TRX often correlate with BTC movements. In the current climate, post-2024 halving effects lingering into 2026, a broader rally could amplify TRX’s gains.
For investors, this moment underscores the importance of risk management. While a flip above $0.30 could yield quick profits, failure to hold might see retests of lower supports around $0.27 or even $0.25. As always, conduct thorough research and consider market sentiment before positioning.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
