The post TRON (TRX) Eyes $0.37 Resistance as Technical Analysis Reveals Strong Bullish Momentum appeared on BitcoinEthereumNews.com.

Iris Coleman
Sep 20, 2025 07:39

TRX price holds steady at $0.35 with bullish MACD signals and strong momentum indicators pointing toward a potential breakout above key resistance levels.

Quick Take • TRX currently trading at $0.35 (+0.20% in 24h) • TRON’s MACD histogram shows bullish momentum with positive divergence • Strong technical foundation with price above key moving averages What’s Driving TRON Price Today? TRON has maintained relatively stable price action over the past week, with no significant news events creating major market movements. The TRX price has consolidated around the $0.35 level, showing resilience in a broader cryptocurrency market that continues to navigate regulatory developments and institutional adoption trends. This consolidation phase appears to be setting the stage for TRON’s next directional move, with technical indicators suggesting underlying strength despite the absence of immediate catalysts. The steady trading volume of $93.4 million on Binance spot markets indicates sustained interest from both retail and institutional participants. TRX Technical Analysis: Bullish Signals Emerge TRON technical analysis reveals a compelling bullish setup across multiple timeframes. The most significant indicator is TRON’s MACD, which currently sits at 0.0017 with a signal line at 0.0010, creating a positive histogram of 0.0007. This configuration typically precedes upward price movements and suggests building momentum beneath the surface. TRON’s RSI stands at 53.92, placing TRX RSI squarely in neutral territory with room for further upside before reaching overbought conditions. This balanced positioning allows for potential price appreciation without immediate concern of a technical pullback. The moving average structure strongly supports the bullish case. TRON’s price trades above its 7-day SMA ($0.35), 20-day SMA ($0.34), and 50-day SMA ($0.34), while maintaining significant distance above the 200-day SMA at $0.28. This alignment indicates both short-term and long-term bullish momentum for…

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Filed under: News - @ September 21, 2025 1:20 am