TRXJPY Market Overview: 24-Hour TRON/Yen Technical Analysis

• TRON/Yen edged higher, closing at 50.45 Yen with a bullish reversal pattern forming.
• Key resistance at 50.72 and support at 50.39 highlighted by intraday swings and volume.
• Momentum shifted in early ET with RSI near neutral, suggesting consolidation.
• Bollinger Bands showed a moderate expansion after a contraction, signaling rising volatility.
• Volume surged during the Asian session, confirming the break above 50.40 Yen.

TRON/Yen (TRXJPY) opened at 50.26 Yen on 2025-09-26 12:00 ET and closed at 50.45 Yen on 2025-09-27 12:00 ET, reaching an intraday high of 50.96 and a low of 50.36. Total traded volume across the 24-hour window was 156,745.17 TRX, with a notional turnover of approximately ¥8,072,992.27.

Structure & Formations

The price displayed a bullish reversal formation around 50.39–50.42, marked by a series of consolidation and break-out candles. A notable bearish divergence occurred at 50.96, where the candle failed to close above the high of the prior swing. Key support is now at 50.39, with resistance levels identified at 50.72 and 50.58. A doji formed at 50.67–50.67, suggesting indecision and potential reversal.

Moving Averages

On the 15-minute chart, the 20-period MA is bullish and currently sits above the 50-period MA, supporting a short-term upward bias. The 50-period MA appears to have crossed above the 100-period MA, signaling potential continuation of the trend. Daily chart MAs show the 50-period MA rising from 50.50, while the 200-period MA remains at 50.60, indicating a long-term bullish setup with no immediate bearish crossover.

MACD & RSI

The 15-minute MACD showed a narrowing histogram and a zero-line cross near 50.60, suggesting a possible reversal. RSI hovered around 50–60 during the consolidation phase, moving closer to neutral territory, indicating no immediate overbought or oversold conditions. MACD crossover and RSI momentum suggest the price may continue to test 50.72 over the next 24 hours.

Bollinger Bands

Bollinger Bands reflected a period of contraction followed by expansion during the 24-hour period, indicating increased volatility as the price moved between the lower band at 50.44 and the upper band at 50.96. The price closed near the middle band at 50.50, suggesting a return to equilibrium after the consolidation phase. This movement may signal renewed volatility or a potential breakout.

Volume & Turnover

Volume surged between 03:30–04:00 ET as the price moved from 50.70 to 50.87, confirming the upward move. A divergence between price and turnover was noted around 08:00–09:00 ET, as the price dipped to 50.39 while turnover remained low, raising questions about the strength of the move. High turnover in the 05:30–06:00 ET range supported the break above 50.40, validating the bullish momentum.

Fibonacci Retracements

Applying Fibonacci retracement to the recent 15-minute move from 50.36 to 50.96, the 38.2% level at 50.62 and the 61.8% level at 50.52 were key resistance areas. On the daily chart, the 50.60–50.72 range aligned with 38.2% and 50% levels from the previous swing, making these areas critical for near-term direction.

Backtest Hypothesis

A potential backtesting strategy could involve long entry triggers at the 38.2% Fibonacci retracement level (50.62) with a stop loss below 50.50 and a target at 50.72, based on the current structure and confirmed by volume and RSI momentum. This setup could be tested on historical 15-minute data for accuracy and risk-reward balance. Given the current technical setup, this strategy may offer a favorable risk-reward profile if the price sustains above the 50.60 level.