TRON price is turning heads again after surging nearly 7% in a single day, thanks to a $1 billion treasury expansion plan. But with the RSI flashing extreme overbought conditions and the price pushing new highs, many traders are wondering: what’s next for TRX in August?
Let’s break it down.
What you'll learn 👉
How Did TRX Perform in July?
TRON price started July trading around $0.28 and steadily pushed higher throughout the month. By the final week, TRX had broken past $0.34, becoming one of the top-performing altcoins of the month.
A major catalyst behind this move was TRON Inc.’s SEC filing for a $1B mixed securities shelf, with a portion earmarked for TRX purchases. This move mimics MicroStrategy’s Bitcoin strategy, sparking new institutional interest.
Volume also followed price. TRX price saw over 235% increase in trading activity as momentum accelerated, signaling strong demand.
TRON Price Chart Analysis
The TRX 4H chart paints a clear bullish picture. The structure is healthy, with higher highs and higher lows. Two Break of Structure (BOS) zones were confirmed mid and late July, with the most recent breakout candle pushing price into a new short-term high.
At writing, TRX price is hovering around $0.349, trading well above the 30-period EMA (now near $0.3223). The demand zone between $0.305 and $0.315 has been respected, acting as a strong base for the recent breakout.
But now the RSI is above 84, which suggests possible exhaustion. It does not suggest the trend is reversing, but will likely trigger a cooldown or retest of lower support.
Technical Indicators (Monthly Timeframe)
| Indicator | Value | Signal / Interpretation |
| ADX (14) | 82.34 | Extremely strong trend, possibly overextended |
| CCI (14) | 143.48 | Strong momentum, bullish |
| Ultimate Oscillator | 64.04 | Multi-timeframe momentum is bullish |
| ROC | 211.35 | Explosive price movement |
| Bull/Bear Power (13) | 211.35 | Bulls in clear control |
All signs point to continued bullish momentum. However, ADX above 80 suggests the trend may be overheating, which usually brings a short-term pause.
Read Also: Why Is Conflux (CFX) Price Up Today?
TRON Price Forecast for August
Let’s look at two realistic outcomes for the TRX price in August.
Bearish Scenario:
If the rally stalls and RSI cools down, TRX might revisit the $0.315–$0.322 zone. If that fails to hold, the demand area between $0.305 and $0.31 will be key. A deeper correction could bring price back to the psychological $0.30 level.
Bullish Scenario:
If this bullish trend continues and volume is high, TRX price could target the $0.36–$0.375 level next. A clean break higher there might lay the groundwork for $0.40, a round psychological level where some profit-taking will inevitably happen.
Wrapping Up
TRON price is clearly riding a wave of momentum into August. Between its growing USDT dominance, rising DeFi activity, and the $1B treasury expansion, it’s attracting attention from retail and institutional traders alike.
But with technicals also hinting at possible short-term overheating, August can start on a short-term cooling off before rallying again. The bulls are in control but a warning signal has to be sounded on new entry.
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