TRON Price Analysis: TRON Surges from $0.2170 to $0.2475: Does TRON Break the Resistance This Time?

If you are tracking TRON and wondering how long this bullish momentum could sustain or if TRON price today is able to break out from its critical resistance level, then this analysis is for you. As we go through the analysis, we determine different patterns, their breakouts, and the future scenario of the TRON price trend. Without any further delay, let’s dive into TRON price analysis.

TRON Price Analysis of the Last Week

At 09:00 UTC on 28th February, the price broke out from a small range after marking the low at $0.2170. The price formed a spike and channel pattern, corroborated by a Golden Cross at the same time. The channel pushed the price to the level of $0.2370. RSI moved above the level of 70, and at 05:00 UTC on 1st March, MACD showed a Death Cross, with both indicators suggesting lower prices. The price broke out from the channel to the downside at 11:00 UTC on 1st March. The price failed to form a channel; instead, it formed a range, which broke out to the upside at 22:00 UTC, corroborated by a Golden Cross of MACD.

Chart 1: Analysed by vallijat007, published on TradingView, March 8, 2025

The price again formed a range and broke out to the upside at 13:00 UTC on 2nd March. The price spiked to the upside, marking the high of the week at $0.2475, but failed to form a channel to the upside. Instead, the price formed an expanding triangle at 18:00 UTC on 2nd March. RSI moved above the level of 70, and a Death Cross appeared in MACD at 23:00 UTC, suggesting lower prices. However, instead of breaking to the downside, the expanding triangle broke out to the upside at 10:00 UTC on 3rd March. 

Breakout from Range as Key Resistance Holds

However, as previously suggested by the indicators, the upside breakout failed, and at 14:30 UTC, an engulfing candlestick pushed the price lower, forming a spike that further pushed the price to the level of $0.2265. RSI again moved below the level of 30, and a Golden Cross appeared in MACD at 02:00 UTC. The price took support at the level of $0.2270 and formed a channel to the upside in hopes of continuing the uptrend. At 01:30 UTC, RSI moved above the level of 70, indicating an overbought market condition, and at the same time, MACD showed a Death Cross, with both suggesting lower prices. 

The channel again formed and pushed the price to the resistance level of $0.2475, but the channel broke out to the downside at 10:00 UTC on 6th March, pushing the price to $0.2350, creating a support zone there. As RSI moved below the level of 30 and a Golden Cross appeared in MACD, the price picked up at 01:00 UTC on 7th March and formed a channel. As the price reached its resistance level of $0.2475, it formed a range. The range broke out to the upside at 05:00 UTC on 8th March.

TRON Price at a Critical Resistance: Will the Bullish Momentum Sustain?

The resistance level of $0.2475 is proving critical. If the TRON price today is able to push above this critical resistance level, then further bullish momentum could be seen. But if this resistance level breakout fails, then the price of TRON could drop to the downside, changing the TRON price trend. Traders and investors are encouraged to look at the chart of TRON themselves and analyse it.