Altcoins News
By Julie Binoche
1 / 15
As the broader crypto market reels from geopolitical shocks and rising uncertainty, TRON (TRX) has quietly managed to limit its losses.
2 / 15
However, TRON’s stability may soon be tested. The price is inching closer to the lower boundary of a six-week trading range, and bulls will need to act swiftly to prevent a…
3 / 15
TRON Shows Resilience as Correlation to Bitcoin Remains Low
4 / 15
Despite ongoing volatility, TRON has shown a surprising level of price stability. While BTC, ETH, and SOL all experienced notable drops, TRON’s decline has been more measured.
5 / 15
However, being relatively uncorrelated doesn't make TRON immune to wider market stress. The altcoin is now approaching a critical support area, and how it reacts in the coming…
6 / 15
Six-Week Trading Range Nears a Decision Point
7 / 15
Technical analysis of TRON’s daily chart shows a clear trading range between $0.263 and $0.294.
8 / 15
After facing rejection at mid-range resistance near $0.279 on June 17, the price dropped below the 61.8% Fibonacci retracement level at $0.27.
9 / 15
At the time of writing, TRX is moving toward the lower boundary of the range again. If bulls can defend the $0.261–$0.
10 / 15
Momentum Weakens While Volume Stays Balanced
11 / 15
The On-Balance Volume (OBV) indicator has shown equilibrium between buyers and sellers for most of the past month.
12 / 15
However, the Relative Strength Index (RSI) recently dipped below the neutral 50 mark, indicating growing bearish momentum.
13 / 15
Liquidation Levels Point to Volatility Ahead
14 / 15
Coinglass’s one-month liquidation heatmap offers more insight into potential price reactions. The magnetic zone near $0.264 has already been swept, and a further dip to $0.
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Yet the downside risk doesn't end there. If $0.261 fails to hold, TRON could fall toward the next significant liquidation cluster at $0.24.
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