TRON Price Analysis of March 7, 2025: TRX Dropped from $0.2470 to $0.2350: Will Buyers Recover Tron?

Are you tracking the TRON price trend and surprised by its recent drop after a spike to the upside? Then, this analysis is for you. As we go through the analysis, we determine why all this is happening and what the future scenario might be. We will also explore key support and resistance levels in which the TRON price today might be trading. The TRON price today is showing a bearish sentiment in the market. The recent V-shaped recovery shows buying pressure after a bearish momentum. Without any further delay, let’s dive into TRON price analysis and see what’s going on.

TRON Price Analysis of the Last 24 Hours

A range developed on 6th March broke out to the upside at 04:15 UTC and formed a spike. This breakout was supported by a golden crossover in MACD at the same time. The price failed to form an upward-moving channel and instead formed a converging triangle, which broke out again to the upside at 08:00 UTC. The breakout failed to form a channel, and another minor converging triangle appeared, which broke out to the downside at 10:00 UTC.

Chart 1: Analysed by vallijat007, published on TradingView, March 7, 2025

This breakout to the downside was supported by a Death Cross of MACD at 10:20 UTC. RSI dropped below the level of 30, indicating an overall market condition ripe for a minor range, which again broke out to the downside at 11:30 UTC, and the price formed an expanding triangle instead of a channel. At 15:35 UTC, the price attempted to break out to the upside of the expanding triangle but failed as the RSI showed an overbought condition at the same time. 

TRON Price Analysis of March 7, 2025: Struggling Amid Volatility

The price dropped and found support at the lower channel line of the expanding triangle. At 00:15 UTC on 7th March, the price broke out to the downside of the expanding triangle but failed to form a channel. Instead, it marked the low of the day at $0.2350. The price instantly spiked to the upside, corroborated by a golden crossover, forming another downward-moving channel. The channel broke out to the upside at 04:00 UTC and formed a spike. At 05:15 UTC, RSI moved to the overbought area, that is, above the level of 70, showing an overstressed market price.

TRON’s Price Behavior and Future Scenarios

As analyzed above, it is clear that before making the high, every breakout to the upside is not followed by a spike and channel but instead followed by a pattern, which is an indication of a range-bound market. After marking the high, the downside breakout is followed by a spike and channel pattern to the downside before showing a V-shaped recovery to the upside.

The price of TRON may trade in a trading range for some time, or the selling pressure may continue, and the price may drop below its recent low. If the TRON price trend has to reverse to the upside, it must hold its low without breaking it. Traders and investors are encouraged to take a look at the chart themselves and analyze it.