TRON Technical Analysis: 10 APR 2025
Tron is attempting a breakout! Source: TradingView
General View
Tron is making a notable breakout attempt after weeks of compression beneath a persistent trendline resistance. The move comes after a strong rebound off the 200-day EMA and horizontal support near $0.2175, an area that has acted as a launchpad for previous recoveries. Now, with price pressing against the descending trendline, bulls are looking to flip this barrier for the first time since early January. If this momentum holds, it could mark a shift in market structure and signal the beginning of a more decisive upside phase.
On The Upside
A successful breakout above the descending trendline would signal a structural shift and open the upside towards $0.2550 and $0.2670 resistance zones. However, as of now, TRX needs to sustain above the $0.2440 level to keep the bullish momentum intact.
On The Downside
Despite the recent strength, TRX still sits close to the trendline resistance, and failed breakout attempts could trigger a retracement. Immediate support lies at the $0.2310–$0.2280 region, which previously acted as a consolidation floor. However, the major support for Tron sits at $0.2170. This support level is occupied by both the dynamic and horizontal levels.
TRON is holding the dynamic EMA-200 level firmly. Source: TradingView
