Technical Analysis of TRON: Market Outlook on June 29, 2025

Technical analysis of TRON on June 29, 2025, focusing on support/resistance and key indicators.

As of June 29, 2025, TRON (TRX) is in a short-term bullish trend, with technical analysis indicating potential for continued upward movement but possible consolidation at resistance levels. The current price hovers around $0.268, nearing a key resistance zone between $0.275 and $0.290. This zone has historically acted as a price ceiling, and recent price action shows selling pressure at this level, suggesting potential consolidation or a minor pullback. On the four-hour chart, TRON has recently broken out of an ascending channel and is forming a bullish flag pattern, which could signal a continuation of the upward trend. A critical support zone lies around $0.260, which has previously shown strong demand. If this level breaks, the next support is at $0.245, aligning with the 0.382 Fibonacci retracement level. The Relative Strength Index (RSI) is currently at 64, indicating bullish momentum but approaching overbought territory, which may suggest a temporary slowdown in upward momentum. The 200-day Moving Average (MA200) at approximately $0.258 serves as strong dynamic support. Maintaining the price above this level reflects buyer strength, but a break below could increase selling pressure. From a price pattern perspective, TRON is forming a bullish flag, which typically leads to a strong upward move. However, given the proximity to the $0.290 resistance, a consolidation or minor pullback to $0.265 is possible before the bullish move continues. Fundamental factors, such as advancements in the TRON network, including increased adoption in decentralized applications and smart contracts, are also positively impacting TRX’s price. For traders, the optimal strategy is to wait for confirmation of a breakout above the $0.290 resistance or a pullback to the $0.260 support. Setting stop-loss orders below $0.260 for long trades or above $0.290 for short trades is advisable. Risk management is critical in this volatile market, as TRON is prone to sudden price movements due to its nature and related fundamental news. Overall, the current outlook suggests TRON may test higher resistance levels in the short term, but consolidation around $0.275–$0.290 is likely. Holding above the MA200 could indicate continued bullish potential in the mid-term. Traders should closely monitor the market and avoid impulsive decisions.