CryptoSignals News
Join our Telegram

TRON (TRX/USD) Market Extends Downside Momentum amid Sustained Bearish Pressure

Estimated Reading Time: 3 minutes

Article Rating:
Based on 1 vote
Login to rate this article.

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 (TRX/USD) Market Extends Downside Momentum amid Sustained Bearish Pressure

TRON Price Prediction – October 26

TRXUSD market extends downside momentum amid sustained bearish pressure. The market continues to display strong bearish characteristics as price action remains positioned below the 9-day simple moving average around $0.3140, reflecting consistent seller dominance.

The MACD indicator reinforces this bearish stance, with the signal line maintaining its position above the MACD line while momentum bars remain in negative territory. Overall sentiment aligns with a downward bias, indicating that buyers are losing strength and broader market structure supports continued weakness in the near term.

TRX/USD Market Key Levels:

Resistance Levels: $0.3260, $0.3480, $0.3650
Support Levels: $0.2990, $2520, $2390

TRON (TRX/USD) Market Extends Downside Momentum amid Sustained Bearish Pressure

TRX/USD – Daily Chart

The TRXUSD daily chart reveals an extended bearish trend as more bulls exit the market.

Technically, the market has broken below the key $0.3130–$0.3100 support zone, confirming the shift from a corrective pullback to a more extended decline. A failed retest of the $0.3260–$0.3130 order block, coupled with repeated rejections from the fair value gap area near $0.3450, validates persistent supply pressure. The price is now testing levels around $0.2940, a zone that once acted as dynamic support during previous bullish impulses but is now under threat of a further breakdown.

The tweet infers that TRON maintains a bearish outlook as price action continues to consolidate below the triangle’s upper boundary. This consolidation signals sustained downward pressure. Momentum indicators also confirm weakening buyer strength, suggesting sellers remain in control. Unless TRX/USD breaks decisively above the resistance trendline, the market is likely to extend its decline toward the next support targets at $0.2746 and $0.2623.

What is the likely projection of TRXUSD?

Looking forward, if bearish control continues, TRXUSD may extend its decline toward $0.2700 and possibly $0.2520 in the coming sessions. Any short-term recovery toward the $0.3100–$0.3200 zone could act as a retest opportunity before sellers regain momentum. A sustained close below $0.2980 would further affirm the bearish trajectory, while only a decisive break above $0.3260 would challenge the current downtrend structure.

TRON (TRX) Current Statistics
The current price: $0.3140
Market Capitalization: 28,220,000,000
Trading Volume: $1,410,000,000

You can purchase TRON here. Buy TRX

Recent News

December 18, 2023

ApeCoin (APEUSD) Buyers Face Resistance Amidst Selling Pressure

Market Analysis – Buyers Face Opposition APEUSD buyers face resistance amidst selling pressure. The buyers may need to hang their boots for a while as they face a drop in price due to selling pressure. Despite a shaky start to the week, the buyers have demonstrated resilience. They have mount...
Read More
November 20, 2024

Cardano (ADA/USD) Extends Rally, Targets Higher Price Levels

Cardano has maintained a strong upward momentum, breaking out of a prolonged consolidation phase that had persisted since April, during which the market traded sideways below the $0.50 price level. For an extended period, investor interest remained subdued, reflected in consistently low trading vol...
Read More

Join Our Free Telegram Group

We send 3 VIP signals a week in our free Telegram group, each signal comes with a full technical analysis on why we are taking the trade and how to place it through your broker.

Get a taste of what the VIP group is like by joining now for FREE!

arrow Join our free telegram