TRON Price Analysis of March 10, 2025: TRX Dropped from $0.2510 to $0.2310: Will It Recover Today?

If you are tracking the TRON price trend and wondering whether this is a new downtrend or the price is still in a trading range? Then you are at the right place. TRON showed bearish sentiment with some bullish momentum in TRON price today. As we explore TRON price analysis, we go through different patterns it formed, how it reacted to them, and the future scenario of the TRON price trend. Without any further delay, let’s dive into the TRON price analysis and determine the TRON price today.

TRON Price Analysis of the Last 24 Hours

At 03:15 UTC, TRON broke out to the upside from a downward-moving channel, corroborated by a golden cross in MACD at the same time. TRON formed a series of ranges, most of which broke out to the downside. At 11:30 UTC, a golden crossover was seen in MACD, suggesting a reversal or a pullback. The price broke out to the upside from the range and formed a channel. At 13:00 UTC, RSI moved to the overbought market region, indicating a reversal or pullback. 

Chart 1: Analysed by vallijat007, published on TradingView, March 9, 2025

The channel broke out to the downside at 13:35 UTC, further corroborated by a death cross in MACD. A converging triangle pattern was formed, which tried to break out to the upside, but the upside breakout failed, and the price formed a channel to the downside, corroborated by a death cross in MACD at 16:40 UTC. 

Key Breakouts and Market Trends

At 17:20 UTC, RSI dropped below the level of 30, indicating a reversal or a pullback. At 19:00 UTC, a golden crossover was shown in MACD, both suggesting a reversal or pullback. TRON pulled back in the form of an expanding triangle pattern, which further developed into a range. The range again broke out to the downside at 21:10 UTC, corroborated by a death cross in MACD at the same time.

The price formed a spike and channel pattern. The channel marked the low of the day at $0.2310 and broke out to the upside, corroborated by a golden crossover at 00:40 UTC. The price formed a spike and a converging triangle pattern. The converging triangle broke out to the upside at 20:10 UTC and formed another spike. The price formed a range in which it is currently trading, supported by an overbought RSI and a death cross in MACD.

Downside Breakouts and Key Support Levels

The different patterns developed in TRON mostly broke out to the downside or tried to break out to the upside but failed. In the higher timeframe, it is still trading between key support and resistance levels. As previously analyzed, TRON dropped from the resistance level and may drop further because its support in the higher timeframe has not been reached yet. Meanwhile, traders and investors are encouraged to analyze the price chart by themselves, as the crypto market is subject to potential risk. Risk management and position sizing are the two key elements to succeed in trading.