đ $TRX / $USDT Daily Chart â Bullish Engine Cooling or Loading More Fuel? đ§
đ Current Price: $0.3468
đïž Timeframe: 1D
đ Daily Move: -1.87%
đ Market Snapshot
TRONâs rally has been unstoppable since June, with a textbook series of higher highs + higher lows. But todayâs red candle signals either healthy profit-taking or the first hint of buyer fatigue.
Is this a reset before liftoff, or the start of a deeper dip? Letâs dissect.
đ Moving Averages Check
MA7: $0.3532 âŹïž â Price slipped just under, short-term pressure warning.
MA25: $0.3366 â â Solid short-term support, bulls must defend here.
MA99: $0.2959 đ§± â Long-term bull trend unshaken, fortress support.
đĄïž Key Support Levels
$0.3360 â Crucial âbullish line in the sandâ near MA25.
$0.3100 â Old consolidation zone, next defense if selling continues.
$0.2950 â Macro trendline + MA99, absolutely must hold for the bull case.
đ Resistance Zones
$0.3550â$0.3600 â Local ceiling, immediate battleground.
$0.4000 â Big psychological level, breakout magnet if momentum returns.
$0.5000+ â Moonshot territory, requires market-wide risk-on sentiment.
đ§ Technical Breakdown
âïž Strong uptrend intact (higher highs/lows since June).
âïž Pullback is controlled â no panic selling yet.
â ïž Lose $0.336 â risk of correction toward $0.31â$0.29.
đ„ Break $0.355 with volume â next leg up very likely.
đ§š TL;DR for Traders
Still Bullish: Trend structure intact above $0.336.
Short-term caution: Below MA7, eyeing MA25 for confirmation.
Game Plan: Hold support = buy-the-dip opportunity. Break resistance = rocket fuel for bulls.