TRON Surges to $0.2450: Can It Sustain the Momentum?

TRON Price Analysis of March 5, 2025: TRON Rises from $0.2265 to $0.2450 – Will It Break the Next Resistance?

On March 5, 2025, TRON (TRX) experienced a notable price increase, rising from $0.2265 to $0.2450. This upward trend has sparked interest among investors, who are now wondering if TRON will be able to break through its next resistance level. In this analysis, we will explore the support and resistance levels of TRON and examine the bullish momentum driving its price today.

Over the past 24 hours, TRON's price has formed an expanding triangle pattern, with a golden crossover in the Moving Average Convergence Divergence (MACD) indicator at 02:40 UTC. This crossover helped push the price upward. However, at 05:35 UTC, the Relative Strength Index (RSI) moved into the overbought area, and a death cross appeared in the MACD at 06:15 UTC, suggesting a potential reversal or pullback. A second death cross in the MACD was observed at 11:30 UTC, with the RSI above the level of 70, further indicating a possible reversal or correction as TRON continued to rise.

At 13:00 UTC, the price broke out to the downside of the expanding triangle but failed to move beyond the $0.2325 level, creating a support zone for buyers. A bullish pin bar appeared in the price at the support zone at 16:35 UTC, pushing the price upward and forming another spike and expanding triangle pattern. However, at 19:25 UTC, the MACD showed a death cross, which was corroborated by the overbought RSI, suggesting a potential pullback in the price.

The expanding triangle pattern resulted from the interplay of these indicators. On March 4, the day ended with an expanding triangle, which continued on March 5 at 02:00 UTC. The price reached its high for the day at $0.2450, creating a resistance zone at this level. A death cross in the MACD at 02:20 UTC helped push the price lower, and