TRON Technical Analysis: 26 APR 2025
TRON establishes a double bottom pattern. Source: TradingView
General View
TRX bulls have successfully retested the breakout support and established a strong double bottom pattern, showcasing a clear sign of strength at important levels. On the lower time frames, TRON has broken decisively above the descending trendline resistance, adding further confirmation to the emerging strength. With buyers stepping in aggressively around the breakout zone, the structure looks positioned for a continuation higher, as long as the breakout support remains intact.
On The Upside
On the lower time-frame, the first resistance wave is at $0.2530 and $0.2570 levels. Meanwhile, above these levels, the next intra-day levels are at 0.2630 and $$2750 levels. These intra-day level resistances are much stronger and have the potential to trigger some intra-day profit-taking.
On The Downside
TRX is currently getting a strong round of support from $0.2490 to $0.2480 levels. These levels are also the breakout-based supports on the 2-hour time frame. As long as TRX holds onto them, retest the lower level supports are unlikely for the session.
TRX has triggered a confirmed breakout above the trendlines. Source: TradingView
