TRON (TRX/USD) Market Maintains Upward Bias Supported By Constructive Technical Structure
Estimated Reading Time: 3 minutes
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
TRON Price Prediction – October 5
TRXUSD market maintains upward bias supported by constructive technical structure. TRXUSD continues to exhibit a strong bullish profile as price sustains above the 9-day Simple Moving Average (SMA) around $0.340, confirming steady market confidence and persistent buying interest.
The MACD indicator shows a mild bullish crossover, indicating a gradual return of upward momentum following recent consolidation. This alignment between price and momentum indicators reflects a healthy market cycle, where the pair is preparing for another potential expansion phase within its prevailing uptrend.
TRX/USD Market Key Levels:
Resistance Levels: $0.3550, $0.3650, $0.3860
Support Levels: $0.3290, $0.2820, $2520
TRX/USD – Daily Chart
The TRXUSD daily chart shows that the market is set to resume its overall bullish trend.
From a structural perspective, the price has successfully rebounded from the $0.328–$0.320 Fibonacci retracement zone, establishing a new higher low that reinforces ongoing bullish control. The 50% retracement at $0.330 acted as a firm technical support, leading to renewed strength above the short-term resistance near $0.340. The market’s reaction in this region suggests active accumulation, with traders positioning for a breakout continuation toward higher valuation zones as demand consistently outweighs supply.
The video provides an in-depth analysis of Tron’s native token, TRX, which is currently trading in a tight range just below $0.340. This consolidation phase is characterized by low volatility and emerging technical patterns, suggesting an imminent major price movement. TRX is hovering around $0.340, with a modest daily gain of 1.8%, caught between strong support at $0.320–$0.330 and resistance near $0.340–$0.350. Technical indicators reveal an equal high (EQ) pattern alongside narrowing Bollinger Bands, signaling a volatility squeeze that often precedes a breakout. Despite these signs, some momentum indicators such as MACD remain cautiously negative, reflecting market hesitation.
What is the likely projection of TRXUSD?
Looking forward, as long as TRXUSD sustains above $0.330, bullish projections remain intact, with upside targets set at $0.370 and potentially $0.390 in the medium term. A brief corrective retest around $0.330 may precede the next bullish impulse, offering more favorable entries for long positions. Overall, the structure points to continued appreciation, underpinned by improving momentum and reinforced support within the broader ascending channel.
TRON (TRX) Current Statistics
The current price: $0.3430
Market Capitalization: 32,370,000,000
Trading Volume: $660,470,000
You can purchase TRON here. Buy TRX
