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TRON(TRX) Technical Analysis Quick Overview
TRX is currently at a critical stage. After a strong rebound from the demand zone of $0.300-$0.302, the price is consolidating below the resistance level of $0.312-$0.314.
What should we pay attention to here? Narrow sideways movements after a surge often signal energy accumulation. The compression zone following a strong upward move usually indicates that more action is brewing.
TRX's current trend reveals one message: the bulls have not given up. The effective rebound from lower levels to the current position shows that buying interest remains active. Whether it can break through the resistance of $0.312-$0.314 will determine the short-term direction.
Traders should closely monitor the performance in this area. Once broken, the next target needs further tracking; if it pulls back, the support at $0.300-$0.302 remains crucial. Holding this level is equally important.