TRON price prediction: Can $0.27 support stop TRX’s next drop?
The $0.288-$0.298 area could be tested before TRX embarks on its next move lower.
Key Takeaways
What is the TRON price prediction?
In the coming days, the current bearish trajectory is expected to continue, taking TRX down to $0.272 and even as deep as $0.245.
Does the higher timeframe bias also show bearishness?
The TRON downtrend since mid-August was part of a high timeframe retracement phase, which meant that a bullish recovery from the key Fibonacci retracement levels is still possible.
TRON [TRX] was in the midst of a steep retracement. The recent Bitcoin [BTC] correction affected the wider altcoin market severely, including TRON.
After reaching a high of $0.2961 on the 3rd of November, TRX fell 6.6% to a swing low of $0.276.
A recent AMBCrypto report highlighted how a climbing reserve-to-borrow ratio could be the early phase of a new TRX rally. The market-wide fear made such a recovery harder, but it is not impossible.
TRON price prediction bearish as retracement continues
The 1-day chart showed that a nuanced outlook is necessary for TRON. The most obvious signs were bearish. The 1-day chart has a bearish structure after it broke beneath the $0.3 swing low from early October.
The OBV was falling lower to signal heavy selling pressure at press time. The DMI showed a strong downtrend in progress, with the -DI (red) and ADX (yellow) both moving above 20.
This meant that TRX was likely to trend lower to the next support zone at $0.264-$0.269.
Looking past the obvious signs, we can recognize that TRX is moving within a longer-term uptrend. The most recent high timeframe swing move higher began in March and ended in mid-August at a high of $0.37.
The Fibonacci retracement levels plotted based on this move showed that the next key support levels were at $0.2717 and $0.245, which were the 61.8% and 78.6% retracement levels.
Therefore, given the current downtrend, TRX is expected to drop to these levels.
Based on the 4-hour chart, key entry zones for swing traders have been identified. The $0.29 area (white box) represents an imbalance on the H4 timeframe, while the $0.296–$0.298 range (cyan box) marks an order block.
A retest of these zones could trigger a bearish reaction. If sellers dominate, TRX may reverse after reaching just $0.288–$0.29. However, if buyers gain momentum, the price could rise to $0.298 to tap into overhead liquidity.
Traders aiming to short should be prepared for both outcomes. This setup becomes invalid if TRX breaks above the $0.30 level.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion
