TRON Technical Analysis: 13 APR 2025
TRON continues to remain bullish after the breakout! Source: TradingView
General View
TRON has finally broken out of the long-standing descending trendline resistance that capped upside moves for weeks. The breakout attempt has so far been supported by strong follow-through, pushing the price to its highest levels in over two months. If today’s session closes at or above current levels, it would confirm the highest daily close since February 2nd. The structure now appears more constructive, especially as the breakout is being held above previous rejections. If buyers can defend this new range in the short term, a push toward higher resistance levels could follow next.
On The Upside
The current breakout opens up space for a potential move toward the next intra-day resistance at $0.2630, with a further extension possible into $0.2740. These intra-day barriers are the next checkpoints for bulls to clear in order to sustain the rally. A close above these could unlock further upside potential.
On The Downside
Despite a strong start, TRX remains vulnerable to pullbacks if bulls fail to achieve the daily candle closing mark. The area around $0.2430, where the breakout occurred, now acts as the first support. A breakdown below this would invalidate the breakout and expose TRX back toward the trendline and consolidation support near $0.2300.
TRON is on course to achieve the highest candle closing since 2nd February. Source: TradingView
