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

Summary
• TRXJPY drifted lower for most of the session but closed near session lows after a late bounce.
• Key support appears near ¥44.35–44.40, with resistance at ¥44.56 and ¥44.65.
• Volume and turnover suggest moderate activity, with no clear divergence.
• RSI and MACD indicate weakening momentum with no immediate overbought or oversold signals.

TRON/Yen (TRXJPY) opened at ¥44.61 on 2025-12-28 at 12:00 ET-1, touched a high of ¥44.69, a low of ¥44.35, and closed at ¥44.48 by 12:00 ET. Total volume reached 58,225.38 TRX, with a notional turnover of ¥2.79 million over the 24-hour period.

Structure & Formations

Price action showed a bearish bias for much of the session with a late 90-minute rebound into the close. A potential bullish engulfing pattern formed around 15:15–15:30 ET, suggesting possible short-term support near ¥44.45–44.48. A long lower wick in the final candle implies buyers attempted to defend these levels, though pressure remains at key resistances above ¥44.56.

Moving Averages

On the 5-minute chart, the 20-period and 50-period SMAs crossed into bearish alignment during the overnight hours but began to converge near the session close, suggesting tentative stabilization. Daily MAs remain in long-term bull territory, with no major crossovers signaling a reversal.

MACD & RSI

The MACD line and signal line diverged slightly during the late afternoon, with a narrowing histogram indicating weakening bearish momentum. RSI held above 30 for most of the day, never dipping into oversold territory, and only approached overbought levels briefly during the morning sell-off.

Bollinger Bands

Volatility increased during the late morning and evening hours, expanding the Bollinger Bands. Price spent most of the session near the lower band, indicating bearish dominance, before closing near the middle band. A rebound from the lower band suggests traders are watching ¥44.35–44.40 as a key support zone.

Volume & Turnover

Volume picked up significantly after 07:00 ET and again around 13:00–14:00 ET, aligning with price declines. Turnover remained consistent throughout the session, with no notable divergences between price and volume. The final 90-minute rally saw increased volume, supporting the notion that buyers may be stepping in at these levels.

Fibonacci Retracements

On the 5-minute chart, price found support at the 50% and 61.8% retracement levels of the overnight decline. On the daily chart, a 61.8% retracement aligns with ¥44.45, which coincides with the closing price, indicating possible short-term equilibrium.

The price may test ¥44.56 in the next 24 hours if buying interest increases, but a breakdown below ¥44.40 could signal deeper bearish pressure. Investors should remain cautious of potential volatility and watch for confirmation of a reversal pattern around ¥44.45–44.50.