Market Overview for TRON/Tether (TRXUSDT)

Summary
• TRXUSDT tested key resistance near 0.2995, but failed to hold, retreating toward 0.2973.
• RSI remained in neutral territory, suggesting balanced momentum with no clear overbought or oversold signals.
• Bollinger Bands widened in the last 4 hours, indicating rising volatility as the pair approached recent highs.
• Volume surged around 0.2985–0.2988 before a sharp pullback, hinting at mixed conviction in the upside.

At 12:00 ET–1 on 2026-01-10, TRON/Tether (TRXUSDT) opened at 0.2970, reached a high of 0.2994, and closed at 0.2985 after hitting a low of 0.2973. The 24-hour volume was approximately 62,669,524.7 and the notional turnover stood at $18,729,130.50.

Structure & Formations

Price formed a bearish engulfing pattern at 0.2994, signaling short-term caution. A key support zone appears to be consolidating between 0.2975 and 0.2980, which may serve as a floor in the near term.

Moving Averages

On the 5-minute chart, the 20-period MA crossed above the 50-period MA briefly near 0.2983–0.2985, indicating temporary bullish momentum. However, this cross has since reversed, with the 50-period MA pressing downward.

MACD & RSIa detailed technical chart showing the RSI hovering between 45 and 55, reflecting neutral momentum on the TRXUSDT pair
MACD showed a positive divergence in the morning session, followed by a bearish crossover after 04:00 ET. RSI remained between 45 and 55 for much of the session, indicating neutral momentum with neither buyers nor sellers dominating.

Bollinger Bands

Bollinger Bands expanded after 09:30 ET, reflecting increased volatility. Price has remained in the upper half of the bands, suggesting bullish bias within the short-term range.

Volume & Turnover

Volumes spiked around 0.2985–0.2988, but turnover failed to confirm the bullish breakout, indicating mixed conviction. Recent selling pressure after 04:15 ET was accompanied by strong volume, suggesting short-term bearish sentiment.

Fibonacci Retracements

From a recent 5-minute swing low at 0.2973 to a high at 0.2994, key retracement levels include 0.2986 (38.2%) and 0.2982 (61.8%). The 61.8% level now appears critical for near-term support.

Looking ahead, TRXUSDT could test the 0.2980–0.2982 range, with a potential rebound to 0.2988 if buyers re-enter. However, a breakdown below 0.2975 could signal a deeper correction. Investors should remain cautious of increased volatility and mixed price-turnover signals.