TRON Price Analysis of March 4, 2025: TRON Dropped from $0.2475 to $0.2265: Will It Recover?

If you are tracking or want to invest in TRON and wonder what to do as the TRON price today fluctuates between its critical support and resistance levels, then this analysis is for you. We will determine what caused the spike to the upside and another spike to the downside in TRON’s price action and explore the overall market condition. Without any further delay, let’s dive into the price analysis of TRON and explore.

TRON Price Analysis for Last 24 Hours

The price formed a range that broke out to the downside at 02:05 UTC on 3rd March. It was corroborated by a death cross in MACD at the same time. RSI moved to the oversold area at 02:25 UTC, indicating an overstretched market. The price soon recovered from the drop and formed a converging triangle pattern that broke out to the downside at 06:05 UTC, corroborated by a death cross in MACD. 

At 06:40 UTC, RSI dropped below the level of 30, which is the oversold area. The price formed a converging triangle, which was supported by a golden cross of MACD at 07:35 UTC. The price failed to break out to the upside. When the breakout to the upside failed, taking resistance from the level of $0.2450, the price broke out to the downside of the converging triangle at 14:50 UTC, further corroborated by a death cross of MACD at the same time.

Chart 1: Analysed by vallijat007, published on TradingView, March 4, 2025

Another converging triangle formed that broke out to the downside at 17:10 UTC, which was also supported by a death cross of MACD. The price formed a spike that dropped the price to the level of $0.2275 at 18:20 UTC. RSI showed oversold market conditions. MACD showed a golden cross at 20:25 UTC, which pushed the price up, forming a channel.

TRON Price Analysis for 4th March

At 01:35 UTC, TRON broke out from the upward-moving channel to the downside, marking the low of the day at $0.2270. This created a support zone at this level. RSI dropped below the level of 30, indicating oversold market conditions at the same time. Soon, the price formed a channel to the upside.

• If the channel continues or breaks out to the upside, then the first target should be $0.2455.
• If the channel fails or breaks out to the downside, then the first target should be $0.2270.

Possible Future Scenarios

As the TRON price today remains range-bound, the short-term spikes and price drops have no significant effect until TRON breaks its resistance and support levels in the higher time frame. As of now, the possible scenarios have already been discussed above. Traders and investors are advised to take proper position sizing and risk management before placing any trade. If someone wants to invest in TRON, it is advisable to move to a higher time frame to clearly see the support and resistance levels.