Market Overview for TRON/Yen (TRXJPY) – 24-Hour Technical Summary

Summary
• Price surged from 43.45 to 43.88 before consolidating at 43.76, suggesting short-term bullish momentum.
• Volume spiked during the 09:45–10:00 ET window, coinciding with a 43.85–43.89 rally.
• RSI and MACD show divergence in late hours, hinting at potential short-term profit-taking.
• A bullish engulfing pattern emerged near 43.60–43.70, reinforcing a potential support zone.
• Volatility expanded during the 06:00–08:30 ET rally, with prices reaching 1.6% above the 5-min Bollinger Band.

TRON/Yen (TRXJPY) opened at 43.45, reached a high of 43.88, and closed at 43.76 within the 24-hour period ending at 12:00 ET on 2025-12-11. Total volume amounted to 306,463.16, with a notional turnover of approximately 13,248,482.86 Yen.

Structure & Formations

Price action on the 5-min chart displayed a strong bullish breakout from a consolidation range between 43.60 and 43.75. A key support level appears to form near 43.65, reinforced by a double bottom pattern. A bearish doji formed around 43.88, signaling indecision after the sharp rally.

Moving Averages

The 20-period and 50-period moving averages on the 5-min chart were in a bullish crossover, with price holding above both. On the daily chart, the 50-period MA crossed above the 100-period MA, suggesting a medium-term positive bias.

MACD & RSI

MACD remained positive for much of the period, with a peak at 09:45 ET aligning with the 43.88 high. RSI reached overbought levels (70+) but failed to sustain them, indicating potential exhaustion. A bearish divergence between RSI and price emerged in the final 2 hours, suggesting profit-taking could follow.

Bollinger Bands

Volatility expanded during the 09:45–10:00 ET rally, with price reaching 1.6% above the upper band. A subsequent contraction suggests a potential pullback could be in store. Price has remained above the 5-min midline since 06:00 ET, showing resilience.

Volume & Turnover

Volume surged during the 09:45–10:00 ET rally, with turnover peaking at 1.2 million Yen. This supports the legitimacy of the 43.88 high, but diverging volume in the last 2 hours (declining turnover amid rising prices) indicates weakening conviction.

Fibonacci Retracements

A key 61.8% Fibonacci retracement level sits at 43.70, which price has recently tested. A break below this level could target 43.55, whereas a close above 43.88 could aim for 44.00.

Looking ahead, the recent consolidation suggests a possible continuation of the upward trend, but the bearish RSI divergence raises the risk of short-term profit-taking. Investors should monitor the 43.65–43.70 zone closely, as a break below could signal a retest of key support.