Market Overview for TRON/Tether (TRXUSDT) – 2025-10-05 24-Hour Summary

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• TRON/Tether (TRXUSDT) opened at 0.3399, hit a high of 0.3435, and closed at 0.3422 with a low of 0.3393.
• Bullish momentum resumed post 21:15 ET as price broke above key resistance and held above 0.3405.
• Volume spiked above average levels during the breakout, confirming the strength of the rally.
• RSI moved into overbought territory in the final 6 hours, suggesting potential for short-term consolidation.
• Volatility expanded as measured by Bollinger Bands, with price trending near the upper band for much of the session.

TRON/Tether (TRXUSDT) opened at 0.3399 on 2025-10-04 at 12:00 ET, reached a high of 0.3435, and closed at 0.3422 at 12:00 ET on 2025-10-05. Total volume for the 24-hour period was 112,885,083.70000001 TRX, with a notional turnover of 38,104.85840001 USD. The asset displayed a clear bullish bias, particularly during late evening and overnight hours in the US.

Structure & Formations

Price formed a bullish engulfing pattern around 21:15 ET (0.3405–0.3412), signaling a short-term trend reversal. The 0.3395–0.3405 range acted as a critical support zone, which held during multiple pullbacks. A shooting star candle appeared at 03:30 ET, indicating short-term overbought conditions and setting the stage for a consolidation phase. Key resistances now appear at 0.3435 (24H high) and 0.3443 (recent intraday high), while support levels are at 0.3416 and 0.3405.

Moving Averages

On the 15-minute chart, the 20-period SMA crossed above the 50-period SMA (a golden cross) around 02:45 ET, confirming the shift to a bullish bias. The daily 50/100/200 EMA structure shows TRXUSDT is currently above all three, with the 50-day EMA rising and supporting the 0.3422 level. This reinforces the view that the short-to-medium-term trend remains bullish.

MACD & RSI

The MACD histogram turned positive after 01:15 ET and remained bullish for the remainder of the session, with a peak divergence observed in the last candle before 12:00 ET. RSI reached 68–69, indicating overbought conditions in the final hours, which may lead to a pullback toward 0.3416–0.3420 before the next leg up.

Bollinger Bands

Volatility expanded significantly as Bollinger Bands widened post 21:15 ET, reflecting increased buying pressure. The price spent most of the session above the 20-period middle band, with the close near the upper band at 0.3422. A retest of the lower band (0.3403–0.3405) is expected in the near term, which could confirm the continuation of the bullish trend.

Volume & Turnover

Volume increased sharply during the breakout phase and remained elevated, with several large-volume candles confirming key price levels. Notional turnover aligned closely with price, suggesting strong participation from market makers and retail traders. A divergence between volume and price was not observed, reinforcing the validity of the current trend.

Fibonacci Retracements

The 0.3393–0.3435 swing saw the price retrace to key Fibonacci levels. The 0.3422 close aligns with the 38.2% retracement level (0.3416–0.3423), suggesting it may serve as a pivot point. A move beyond 0.3435 would bring the 61.8% level at 0.3430 into focus as a potential consolidation target.

Backtest Hypothesis

Given the recent bullish engulfing pattern and the golden cross on the 15-minute chart, a potential backtesting strategy could involve entering long positions on the close of a bullish engulfing candle, with a stop just below the low of the formation and a take-profit at the 38.2% and 61.8% Fibonacci levels. This approach would be most effective in a trending market, where momentum and volume confirm the pattern.