The price of TRON (TRX) has been showing an uptrend since late June. The current price stands at around $0.3149, and traders are watching its movements.
TRON Price Structure Confirms Uptrend
According to the 4-hour chart, TRX is still following its rising trendline since June, which coincides with the 100-period moving average. This support zone has been a point where the price has bounced back on multiple occasions, indicating active buyers at these levels.
Support and Resistance Levels for TRON
The key zone right now is between $0.3067 and $0.3100, where the trendline and moving average intersect. A breakdown of this area could lead to a decline toward approximately $0.29. Conversely, resistance is observed around $0.3200–$0.3250, and a clean break above these boundaries could lead back toward testing $0.33.
Future Price Movements for TRON
It is expected that if the TRX price continues to hold the $0.31 level and builds momentum, a higher move could follow. However, if it drops below the support zone, the trend may shift.
Thus, at this moment, TRON still favors the bulls, but upcoming price changes could significantly impact the trend direction.
