TRON Price Analysis (Weekly): TRON Plunges from $0.2510 to $0.2200 – Will TRON Break Its Consolidation or Continue Its Downtrend?

Are you tracking the TRON price trend and wondering if it will be able to recover from its downtrend? Then you are at the right place. As we go through the TRON price analysis, we explore different patterns and how the TRON price trend reacted to them. The TRON price today is consolidating, so we also determine potential support and resistance levels for TRON. Without any further delay, let’s dive into TRON price analysis and determine where TRON might trend in the coming sessions.

TRON Price Analysis of the Last Week

After marking the high of the week at $0.2510, TRON spiked to the downside and formed a horizontal range. The range broke out to the downside at 22:00 UTC on 8th March and formed a spike and converging triangle pattern. The converging triangle pattern tried to break out to the upside, but the upside breakout failed, and TRON broke out to the downside of the converging triangle, supported by a death cross of MACD at 16:00 UTC. 

Chart 1: Analysed by vallijat007, published on TradingView, March 15, 2025

The price formed a spike and an expanding triangle pattern. From 17:00 UTC on March 9 to 00:30 UTC on March 10, RSI dropped below the level of 30, indicating an oversold market condition. A golden cross appeared in MACD at 01:30 UTC on 10th March. Both RSI and MACD supported the formation of the expanding triangle pattern. 

TRON Faces Repeated Rejection at Resistance

A death cross appeared in MACD at 14:30 UTC on 10th March, which supported the breakout of the expanding triangle to the downside at 18:30 UTC. A minor range appeared in the price, which broke out to the downside at 11:00 UTC on 11th March, corroborated by a death cross of MACD. RSI dropped below the level of 30 from 13:30 UTC to 15:30 UTC on 11th March, supporting the formation of the expanding triangle. 

The expanding triangle broke out to the downside at 23:00 UTC on 11th March and marked the low of the week at $0.2200. A resistance level was formed at the price level of $0.2265, and a support level was formed at $0.2200. RSI and MACD both meandered around their base levels from 02:00 UTC on 12th March until now as TRON developed a consolidation phase. TRON tried two times to break the resistance level, but both attempts failed.

TRON Struggles Near Support

TRON dropped continuously last week, with a few days of consolidation. This clearly shows that buyers are buying at the support level, but if a breakout happens below the support level, the price might form another leg in the ongoing downtrend. In the higher timeframe, TRON is also in a range market. If the TRON price today breaks the resistance level, a bullish momentum in the price could be seen. Traders and investors are encouraged to take a look at the TRON price today 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.