TRON/Tether Market Overview: Bullish Momentum Builds Near $0.3465

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• TRON/Tether (TRXUSDT) opened at $0.3406 on 2025-09-17 12:00 ET, reached a high of $0.3455, a low of $0.3387, and closed at $0.3465 on 2025-09-18 12:00 ET.
• Price advanced 1.73% on the 24-hour period with a total volume of ~130.9 million TRX and a turnover of ~$46.03 million.
• A bullish divergence in RSI and increasing volume at the close suggest accumulation pressure, especially near $0.3450–$0.3460.
• Key support levels at $0.3400 and $0.3390 held well, while resistance is now at $0.3470 and $0.3485.
• A Bullish Engulfing pattern emerged around 2025-09-18 11:30–12:00 ET, indicating short-term bullish momentum may continue.

Structure & Formations

TRON/Tether (TRXUSDT) exhibited a clear multi-hour bullish trend during the 24-hour period, with price forming a Bullish Engulfing pattern at the close. This pattern suggests a reversal from bearish to bullish bias. Key support levels at $0.3400 and $0.3390 acted as reliable floors, preventing a deeper correction after a midday pullback. Price also showed tight control around $0.3450, suggesting a new equilibrium is forming in the short term.

Moving Averages

On the 15-minute chart, price closed above the 20-EMA and 50-EMA, confirming a short-term bullish bias. The 50-EMA at $0.3432 and 20-EMA at $0.3439 both crossed below the current close, supporting the recent strength. On the daily chart, while we lack full daily data, the 200-EMA would likely act as a critical long-term support if the recent bullish move continues.

MACD & RSI

The MACD line crossed above the signal line in the final hour, confirming bullish momentum. RSI rose to ~64, well below overbought levels (70), suggesting room for further gains. A bullish divergence between price and RSI in the last 2–3 hours implies accumulation pressure is increasing. These indicators align with the bullish candlestick patterns observed.

Bollinger Bands

Price moved toward the upper Bollinger Band in the final hours, indicating increased volatility and bullish pressure. The 20-period BB width expanded from $0.3395–$0.3415 to $0.3445–$0.3465, reflecting heightened buying interest. Price closing near the upper band, particularly with the Bullish Engulfing pattern, suggests a potential breakout attempt is in play.

Volume & Turnover

Volume surged to ~7.8 million TRX during the 08:45–09:00 ET hour and ~9.2 million TRX at 10:45–11:00 ET, coinciding with key upward moves. Turnover reached ~$3.1 million at 08:45–09:00 ET and ~$3.2 million at 10:45–11:00 ET. The final 2-hour period saw ~$2.4 million in turnover, indicating strong institutional or large-cap buyer interest as the price closed near session highs.

Fibonacci Retracements

Applying Fibonacci to the $0.3387–$0.3465 swing, key levels include 38.2% at $0.3427 and 61.8% at $0.3449. Price held above both in the final hour, suggesting strong buyer control and a potential test of $0.3470 in the next 24 hours. If the trend continues, the extension levels at $0.3479 and $0.3493 could become short-term targets.

Backtest Hypothesis

A potential short-term long strategy could be backtested using Bullish Engulfing patterns forming on the 15-minute chart, combined with RSI above 50 and MACD crossing above the signal line. Entries would be placed on confirmation of the pattern with a stop loss below the prior swing low and a take-profit target at the nearest Fibonacci level. This strategy could align well with the recent price action, particularly around 2025-09-18 11:30–12:00 ET, where all three conditions aligned with a strong bullish breakout.