The post TRX Technical Analysis Jan 20 appeared on BitcoinEthereumNews.com.

TRX is consolidating at the $0.31 level while showing a short-term bullish tendency but facing Supertrend resistance and increasing weekly resistance clusters. RSI at 63.70 indicates strong momentum, supported by MACD’s positive histogram, but BTC’s sideways trend and bearish Supertrend pose risks for altcoins. Critical support $0.3040 (81/100), resistance $0.3139 (88/100). Risk/reward ratio in bull scenario 1:1.15, bear scenario 1:0.87 – balanced but cautious approach recommended. Executive Summary As of January 20, 2026, TRX maintains its overall uptrend structure while giving short-term correction signals. Price holds above EMA20 ($0.30), exhibiting bullish short-term momentum; RSI at 63.70 points to a healthy buying zone while MACD supports trend continuation with a positive histogram. However, Supertrend gives a bearish signal, highlighting $0.33 resistance. Multi-timeframe analysis identifies 11 strong levels: 4 supports/3 resistances on daily, resistance-heavy on weekly (3 supports/4 resistances). Volume at $164.88M is moderate; due to BTC correlation, $90,373 BTC support is critical. Bull target $0.3575 (low confidence score 15), bear target $0.2706 (score 28) – overall outlook neutral-bullish, risk increases if $0.3040 support breaks. Investors should follow TRX Spot Analysis and TRX Futures Analysis pages. Market Structure and Trend Status Current Trend Analysis TRX is trading in a medium-term uptrend channel; despite a 1.85% drop in the last 24 hours, consolidation dominates the $0.31-$0.32 range. Price is positioned above EMA20 ($0.30), maintaining short-term bullish bias. However, the Supertrend indicator has produced a bearish signal, marking $0.33 as major resistance. Daily chart shows intact higher highs/higher lows structure, but resistance pressure is increasing on 3-day and weekly timeframes. Overall trend is uptrend, but doji candles indicating momentum weakness are notable – potential flag formation is observed. Structural Levels Main structural supports: $0.3040 (81/100, EMA21 and Fibonacci 0.618 retracement confluence), $0.2913 (67/100, weekly pivot), $0.3090 (65/100, short-term swing low). Resistances: $0.3139 (88/100, strong…

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Filed under: News - @ January 20, 2026 7:27 am