TRON (TRX) Technical Analysis on July 10, 2025: Market Outlook

Technical analysis of TRON on July 10, 2025, covering resistance, support, and indicators.

As of July 10, 2025, TRON (TRX) is trading at approximately $0.29095593, in a short-term consolidation phase with long-term bullish signs visible. This technical analysis examines the current market state, key resistance and support zones, and major indicators. Price Trend and Market Structure Analysis After peaking at $0.448 in December 2024, TRON entered a consolidation phase, fluctuating between $0.275 and $0.30. This price action suggests accumulation for the next major move. Daily and 4-hour charts show bullish patterns, such as higher lows, indicating sustained buyer interest. However, resistance at $0.295–$0.30, aligning with the 200-day moving average, has capped further upside. Resistance and Support Zones The key resistance zone is around $0.295–$0.30, which has rejected the price multiple times. A high-volume breakout (over 30% above the 20-day average) could target $0.33, consistent with previous highs. On the support side, $0.285 has acted as a strong demand zone, with $0.275 as the next critical support. These levels could prevent further declines if the price pulls back. Technical Indicators The RSI on the daily timeframe is at 54, indicating a neutral to bullish state. This suggests room for upward movement without being overbought. The MACD shows signs of bullish momentum, but declining trading volume in recent days indicates trader caution. The 50-day moving average at around $0.288 acts as a key dynamic level. Price Pattern Analysis TRON’s daily chart shows a bullish flag pattern, with the price approaching the upper resistance line. A high-volume breakout could trigger a new bullish wave. From an Elliott Wave perspective, TRON may be in the third wave of a larger bullish cycle, potentially leading to significant gains. A double bottom pattern is also forming on the weekly timeframe, signaling long-term bullish potential. Risks and Scenarios Bullish Scenario: If TRON holds the $0.285 support and breaks the $0.30 resistance, it could target $0.33 and potentially $0.40 by the end of summer 2025. Bearish Scenario: A break below $0.285 could lead to a drop to $0.275 or even $0.265, signaling a deeper correction. Conclusion TRON is currently in a short-term consolidation phase but shows long-term bullish potential. Traders should monitor volume and price action at the key $0.30 and $0.285 levels. Breaking the $0.30 resistance could spark a new bullish wave, while holding the $0.285 support is crucial for the bullish outlook.