James Ding
October 10, 2025 05:43
TRX is trading at $0.34 with a decline of 1.03% as the token consolidates above its 200-day moving average while shorter time frames signal potential future weakness.
Market overview
TRX is currently trading at $0.34, down 1.03% in the last 24 hours, with trading volume reaching $87.5 million. The token is in a critical technical position, trading below both its 20-day and 50-day moving averages, while support remains above the longer-term 200-day moving average at $0.30. This configuration suggests a consolidation phase with mixed signals across different time frames.
Technical image
The technical landscape for TRX presents a nuanced picture with bearish momentum building in the short term. The RSI reading of 46.1 indicates neutral territory, but with a slight bearish bias, indicating selling pressure without oversold conditions. The MACD indicator has turned bearish with a negative histogram value of -0.0002, confirming the weakening momentum as the signal line crosses below the MACD line.
TRX price action shows the token struggling 0.8% below its 20-day moving average and 1.6% below its 50-day moving average. However, the 13.7% premium above the 200-day moving average of $0.30 shows that the longer-term uptrend remains intact. This difference between short-term weakness and longer-term strength creates an important turning point for traders.
The daily trading range between $0.33 and $0.34 reflects limited volatility, suggesting accumulation or distribution patterns may be forming. Volume levels of $87.5 million represent moderate participation, not confirming strong buying interest or panic selling.
Critical levels to keep an eye on
Several key price levels will determine the direction of TRX in the short term. Immediate resistance is at $0.35, which represents the recent high and a level that has rejected price increases several times. A break above this level could generate momentum towards secondary resistance at $0.37, which is in line with previous swing highs.
On the downside, immediate support is at $0.33, the lower limit of the current trading range. This level has generated buying interest throughout the session and represents the first line of defense for bulls. A breakdown below $0.33 would likely accelerate selling towards the crucial support level at $0.30, which coincides with the 200-day moving average.
The $0.30 level is of technical importance as it represents the confluence of the 200-day moving average and a key psychological support zone. A decisive break below this level would signal a shift in the longer-term trend structure and potentially open the door for deeper corrections.
Market sentiment
With no significant news catalysts emerging in recent sessions, TRX’s price action appears to be driven primarily by technical factors and broader cryptocurrency market sentiment. The moderate trading volume indicates neither strong conviction from buyers nor aggressive distribution from sellers, providing a neutral backdrop for technical analysis.
The positioning of institutional investors and retail traders appears balanced, with neither side having clear dominance. This equilibrium supports the current consolidation pattern and suggests that a catalyst may be needed to break the current bandwidth-bound trading.
Trade perspective
The current TRX/USDT setup offers defined risk parameters for different trading approaches. Short-term traders might consider the $0.33-$0.35 range as a scalping opportunity, with tight stop losses below $0.33 for long positions and above $0.35 for short positions. The limited volatility creates manageable risks, but also limits profit potential.
Medium-term traders may prefer to wait for a clearer directional breakout, either above $0.35 resistance for bullish continuation or below $0.33 support for bearish momentum. The proximity to the 200-day moving average of $0.30 provides a natural invalidation level for longer-term bullish scenarios.
Risk management remains critical given mixed technical signals, adjusting position sizes to reflect the potential increase in volatility that often follows consolidation periods.
In short
TRX is showing short-term bearish momentum while holding longer-term support, creating a critical juncture that will require either a resistance break above $0.35 or support below $0.33 to establish a clear directional bias for traders.
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