TRON (TRX) Consolidates Near $0.34 Amid Bullish Trend and Weakening Momentum

TRON (TRX) has experienced a notable price rally in July 2025, rising from a low of $0.27 in late June to levels just below $0.34. The cryptocurrency is now consolidating within a range as it tests the $0.34 resistance level repeatedly. This consolidation follows a series of higher-timeframe breakouts, supported by a bullish trend structure and increasing spot demand. However, early signs of weakening momentum have emerged in short-term technical indicators [1].

According to recent market data, TRX remains above the ascending trendline that has guided price action since March 2025. A breakout from the $0.31–$0.32 supply zone in late July marked a shift in market structure to bullish. The price is now retesting this area as support, with the next major resistance identified at $0.349–$0.352, where sellers appear to be reinforcing their positions [1].

Liquidity map data further indicates that recent highs near $0.349 have triggered partial profit-taking. On August 9, spot netflow data showed $2.95 million in outflows—suggesting that capital is moving from exchanges into self-custody, which is typically viewed as a positive sign for medium-term positioning [1].

Despite the consolidation, the broader trend remains intact. On the 4-hour chart, TRX is trading above key EMA levels at $0.3337 and $0.3280. However, candles are pressing against the mid-Bollinger Band, signaling a potential cooling phase after an extended period of upward movement. A key support level at $0.329, aligned with the Supertrend indicator, provides a buffer in case of a pullback [1].

Price indicators also suggest the formation of a short-term range. The Directional Movement Index (DMI) shows that while the +DI line remains above the -DI line, the ADX at 11.3 indicates a weakening trend, which aligns with the sideways movement observed in recent sessions [1]. The RSI on the 30-minute chart has dipped to 46.9, falling below the neutral 50 threshold and signaling waning buying pressure. Both MACD and VWAP readings confirm the slowdown, with TRX currently hovering just below the session VWAP at $0.337 [1].

Looking ahead, the immediate outlook hinges on whether TRX can maintain its position above $0.333. A reclamation of the $0.3416 upper Bollinger Band could lead to a retest of the $0.349–$0.352 resistance zone. A sustained breakout above this level, accompanied by strong volume, could potentially push the price toward $0.365, the next key resistance from early 2024 supply [1].

Conversely, a failure to hold above $0.333 may trigger a decline to $0.329, with further support at $0.322–$0.324 where historical demand has been observed. In a deeper pullback scenario, the price could revisit the $0.312–$0.315 demand zone [1].

The daily structure remains bullish, and continued spot outflows suggest accumulation is occurring. While intraday traders should closely monitor the $0.34 level as a key breakout trigger, the overall medium-term bias remains positive [1].

Source:

[1] TRON (TRX) Price Prediction for August 10, 2025 (https://coinedition.com/tron-trx-price-prediction-for-august-10-2025/)

[2] TRON Sees Over 8 Million USDT Transactions in One ... (https://www.mitrade.com/insights/news/live-news/article-3-1023302-20250808)