Tron is closing in on a make-or-break moment at $0.30. The recent price action has been encouraging – higher lows and steady buying suggest bulls are in control.
Traders are watching this level closely since breaking through could kick off a solid upward move. The fact that TRX is holding its gains rather than seeing quick dumps after each rise hints that investors aren’t just here for quick flips.
What you'll learn 👉
TRX Faces Major Resistance at $0.30
Crypto analyst CW8900 identified $0.30 as the main selling wall for TRX. The token has been in an accumulation phase following a previous rally and correction. CW’s chart analysis shows TRX forming higher lows, signaling bullish momentum.
The resistance at $0.30 has historically acted as a strong supply zone, limiting upward movement. If the price breaks through with high volume, it could fuel a significant rally.
The main selling wall for $TRX is at $0.3.
— CW (@CW8900) February 21, 2025
A smooth rise is expected until that level.
And if it breaks through, the rally will resume. pic.twitter.com/7MG2LDRrhi
Minor resistance exists around $0.25 to $0.27, where TRX is currently testing supply. A clear breakout above $0.27 could increase momentum toward the key $0.30 level. If rejected, TRX may consolidate before making another attempt.
Buyers have shown interest in the $0.22 – $0.23 range, which serves as primary support. This level has prevented further downside moves in previous trading sessions. Below that, a stronger demand zone at $0.18 – $0.20 could act as a cushion in case of a market pullback.
CW’s analysis suggests that if TRX faces rejection at $0.30, it could retrace to these support levels before making another breakout attempt. However, steady accumulation and increasing buy pressure indicate bullish sentiment remains intact.
Read also: Injective (INJ) Price Gains Momentum—Will It Surge to $52?
Tron’s Inverse Head & Shoulders Breakout Confirmed
According to CryptoBusy, TRX is showing signs of bullish momentum, with a technical pattern on hourly charts suggesting more upside ahead. Beyond the price action, there’s solid progress on the fundamentals – the network is seeing heavy USDT usage thanks to its low fees, while regulatory concerns are easing up.
$TRX Breaks Out! 🚀$TRX just confirmed an inverse head & shoulders breakout, signaling strong momentum! With #1 USDT transfers, low fees, and a booming ecosystem, is this the start of a bigger move?@trondao pic.twitter.com/TVqSPVhFhv
— CryptoBusy (@CryptoBusy) February 21, 2025
A recent report from TRM Labs points to a drop in sketchy activity on TRON, backed by CryptoQuant data confirming improved compliance standards. This cleanup effort is largely thanks to the T3 Financial Crime Unit’s work – a collaboration between Tether, TRON DAO, and TRM Labs.
Price-wise, TRX is sitting at $0.2476, up about 3% today and 7% this week according to Coingecko. Trading volume remains strong. Analysts see $0.30 as the key level to watch – break above that and we could see moves toward $0.35, $0.40, or even $0.46. On the downside, watch for support around $0.22-$0.23 if momentum fades.
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