TRON Price Analysis of March 12, 2025: TRON Drops from $0.2323 to $0.2220, Can It Recover Today?

The TRON price trend is facing bearish sentiment as the price has been dropping continuously for several days. If you’re tracking the TRON price today and wondering what is causing this selling pressure, then this analysis is for you. As we go through TRON price analysis, we explore different patterns and analyze how TRON reacted to them. We will determine critical support and resistance levels for the TRON price trend. Without any further delay, let’s dive into TRON price analysis and see where TRON price today might trade.

TRON Price Analysis of the Last 24 Hours

At 01:30 UTC, TRON broke out to the upside from a converging triangle, corroborated by a golden cross in MACD. The price formed a spike and an expanding triangle pattern. At 02:25 UTC, RSI moved into the overbought area, above the level of 70, indicating a reversal or at least a pullback. The price broke out to the downside from the expanding triangle at 03:45 UTC, supported by a death cross in MACD, but the downside breakout failed, and the market marked the high of the day at $0.2323.

Chart 1: Analysed by vallijat007, published on TradingView, March 12, 2025

TRON formed a downward-moving channel, which broke out to the upside at 07:20 UTC, supported by a golden cross in MACD. However, the price was only able to form a spike and got rejected at the resistance level of $0.2320. As the price dropped, it formed a channel, which broke out to the downside at 10:45 UTC and formed a spike and range pattern. The range again broke out to the downside at 11:45 UTC, and another spike and minor range appeared. The minor range again broke out to the downside at 12:45 UTC.

TRON Price Struggles Amid Selling Pressure: Key Levels to Watch

The price formed a spike and an upward-moving trendline. During all this movement, RSI moved into the oversold area, indicating a reversal or at least a pullback in the ongoing downward price movement. The price broke out from the upward-moving trendline at 13:50 UTC, supported by a death cross in MACD. The price formed a spike but failed to form a channel. The spike created a support zone at $0.2220. An upward-moving channel formed in the price, which broke out to the downside but failed instantly, and the price moved to the upside. 

Another downward-moving channel appeared, which broke out to the upside at 18:00 UTC, corroborated by a golden cross in MACD. However, this also failed to form a channel. A range appeared in the price, which broke out to the downside at 23:00 UTC in an attempt to reach the support level, but it soon failed as the price formed a converging triangle pattern that broke out to the downside at 01:55 UTC, supported by an overbought RSI. The price spiked in an attempt to break the support level of $0.2220.

TRON Searches for Support Amid Ongoing Selling Pressure

The selling pressure in the TRON price trend continued as TRON is already in a range-bound market in a higher timeframe. It is searching for a support level. If the recent support is unable to hold TRON’s price, then lower prices could be seen in TRON. If the recent support holds, then a range-bound market may be seen. Traders and investors are encouraged to take a look at the TRON price chart by themselves.