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

Summary
• Price surged from 43.41 to 44.04 on strong volume, forming a bullish engulfing pattern.
• Momentum accelerated in the last 6 hours, with RSI rising above 60 and no signs of overbought conditions.
• Volatility spiked in the final hours, with Bollinger Bands widening and price testing the upper band.
• Turnover increased steadily post 02:00, confirming price gains with no bearish divergence.

TRXJPY opened at 43.41 on 2025-12-18 12:00 ET, surged to 44.04, and closed at 43.88 at 12:00 ET on 2025-12-19. Total volume reached 147,029.39 and turnover hit 6,457,572.06 JPY.

Structure & Formations

Price formed a strong bullish engulfing pattern in the late session, confirming a breakout from a descending channel that had capped movement for several hours. Key support levels held at 43.40–43.44, and resistance at 43.69–43.74 was decisively breached. A doji appeared near 43.51, suggesting indecision earlier in the session.

Moving Averages

On the 5-minute chart, price closed above the 20 and 50-period moving averages, suggesting a continuation of the bullish trend. On the daily chart, TRXJPY is above both the 50 and 200-day MAs, signaling a potential medium-term uptrend.

Momentum & Volatility

MACD crossed into positive territory with a bullish signal, and the histogram expanded, confirming upward momentum.

RSI rose into the 60–70 range but did not indicate overbought conditions. Bollinger Bands widened significantly in the final hours, suggesting a period of high volatility.

Volume and Turnover

Volume spiked in the early morning and late afternoon, with the highest single 5-minute turnover occurring at 09:15 with 8317.16 JPY traded. Turnover aligned with price action, particularly in the 05:00–08:00 and 09:00–10:00 windows, showing strong bullish conviction.

Key Levels and Fibonacci

Support appears to be holding at the 61.8% Fibonacci retracement level of 43.44–43.52, while the 50% level at 43.60 acted as a temporary resistance before the final push. A 38.2% retracement level at 43.86–43.89 may provide near-term resistance.

TRXJPY appears to have built momentum on strong volume and bullish technical patterns. The next 24 hours may test whether buyers can sustain price above 43.90 and push for 44.15. Investors should watch for a pullback below the 43.60 level, which could signal short-term indecision.