TRX Daily Technical Analysis
Tron
TRON (TRX) is a decentralized blockchain platform for content sharing and dApps, aiming to create a free digital entertainment ecosystem; TRX is its native utility token used for transactions, governance (staking/voting), and powering the network, known for high throughput and low fees.
TRX Technical Analysis Summary
TRX is currently consolidating below the critical 200-day moving average, having faced rejection near the 0.312 level. While the medium-term structure shows promise with a series of higher lows and a rising 50-day SMA, short-term momentum indicators like the MACD suggest a cooling off period. The price is effectively trapped between support at the 50-day SMA (~0.290) and resistance at the 200-day SMA (~0.312), requiring a decisive break of either to determine the next major trend direction.
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TRX Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
Price is pulling back after a rejection at the 200-day SMA, supported by a bearish MACD crossover and negative histogram. However, RSI is neutral (54) and price remains above the rising 50-day SMA.
Long-term Sentiment (weeks to months): Neutral
The asset is trading below the key 200-day SMA (0.312), indicating the long-term trend is not yet fully bullish, but the structure of higher lows since November suggests a recovery is underway.
Report Metadata
- Timeframe: daily
- Generated at: 2026-01-23T13:04:14.375Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $0.29 | $0.29 - $0.29 | Strong | Confluence zone of the 50-day SMA and the lower Bollinger Band. |
| $0.27 | $0.27 - $0.27 | Strong | Major swing low area from November and December. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $0.32 | $0.31 - $0.32 | Strong | Immediate resistance at the 200-day SMA and recent local highs. |
| $0.35 | $0.34 - $0.35 | Weak | Historical structural resistance from September peaks. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Resistance Rejection (200 SMA) | Bearish | $0.29 | Price recently tested the 200-day moving average and failed to sustain a breakout, resulting in the current pullback. |
| Weak | Higher Lows / Rising Channel | Bullish | $0.32 | Since the bottom in November, price action has formed a series of higher lows, indicating persistent buying interest on dips. |
Frequently Asked Questions about TRX
What is the current sentiment for TRX?
The short-term sentiment for TRX is currently Neutral because Price is pulling back after a rejection at the 200-day SMA, supported by a bearish MACD crossover and negative histogram. However, RSI is neutral (54) and price remains above the rising 50-day SMA.. The long-term trend is classified as Neutral.
What are the key support levels for TRX?
StockDips.AI has identified key support levels for TRX at $0.29 and $0.27. These levels may represent potential accumulation zones where buying interest could emerge.
Is TRX in a significant dip or a Value Dip right now?
TRX has a Value Score of 58/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.