TRON’s Next Big Move Hinges on THIS Resistance—Miss It, and Watch Everything Crash
While steady activity suggests healthy network use, this disconnect from volume highlights the potential for sudden volatility.
Therefore, sustained price momentum may depend on how the market absorbs these abrupt capital surges in the near term.
Will TRX break out as it challenges upper trendline resistance?
TRX has continued to respect its rising parallel channel, now testing the upper boundary near $0.3177, which aligns with the 1.618 Fibonacci extension.
As of writing, the price traded around $0.3148, just below key resistance. The DMI indicator showed that the red ADX line was at 46, confirming a strong trend, but +DI (blue) lagged behind at 27, while -DI (orange) remained lower at 13.
This suggests bullish momentum is slowing even though the trend is strong. Therefore, a close above $0.3235 is critical to revive upside strength and avoid a pullback toward $0.2983.
Source: TradingView
Are whales preparing for a major move as $1M+ TRX transactions spike?
IntoTheBlock’s historical data reveals that TRX transactions above $1 million have surged by 404%, marking the largest growth segment among all transaction sizes.
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