TRON’s native token, TRX, is currently in a state of indecision, with its price hovering around $0.34. According to the article, both short-term moving averages and momentum indicators like the MACD and RSI are flat, suggesting a neutral-to-bearish outlook with no clear direction.
Key price levels to watch include:
- Resistance: $0.3621, $0.3667, and the more significant breakout zone at $0.4334.
- Support: Immediate support is at $0.3221 and $0.3095, with a major floor at $0.2697.
The article also highlights significant liquidity clusters in the order book. On the buy side, strong support is seen around $0.34, with over 1.4 million TRX at each price point, while heavy selling pressure (ask walls) is noted at $0.34060.
For traders, the next move depends on whether buyers can break past the overhead resistance or if sellers can push the price below the key support levels. The article cautions that due to the concentration of orders, rapid price swings (whipsaws) are likely, making tight risk management essential for both long and short positions.
September 2025, Cryptoniteuae
