TRON price resistance has surged from $0.2170 to $0.2475 recently. The $0.2475 level has become a critical resistance that TRX struggles to break. Network activity reached a 2-month high with 2.94 million active addresses on March 4. Analysts predict TRX could reach $1 based on historical 200–300% surges. Technical indicators show a consolidation phase with bullish momentum building. TRON (TRX) tests a key resistance level after a week of volatile price action. The cryptocurrency has been on an upward trend since February 28, but faces challenges exceeding the $0.2475 price point.
TRX started its recent climb on February 28 at 09:00 UTC when it broke out from a trading range after hitting a low of $0.2170. This breakout formed what analysts call a “spike and channel pattern” and coincided with a Golden Cross, a bullish technical indicator. The price increased to $0.2370 as the Relative Strength Index (RSI) moved above 70. This high RSI reading suggested the asset was becoming overbought. TRX Price
TRX Price Analysis
On March 1, the Moving Average Convergence Divergence (MACD) showed a Death Cross at 05:00 UTC. Both indicators pointed to lower prices ahead, and the price did break downward from its channel at 11:00 UTC that day. Rather than continuing downward, TRX formed a new range. This range broke to the upside at 22:00 UTC, supported by another Golden Cross in the MACD indicator. The upward momentum continued on March 2. TRX formed another range that broke upward at 13:00 UTC, pushing the price to the weekly high of $0.2475.
At this point, the cryptocurrency failed to maintain its upward channel. Instead, it formed an expanding triangle pattern at 18:00 UTC on March 2. Technical indicators again suggested a downward move was coming. The RSI moved above 70, and the MACD showed another Death Cross at 23:00 UTC. Despite these bearish signals, the expanding triangle broke upward on March 3 at 10:00 UTC. However, this upward breakout failed to hold as predicted by the indicators.
TRX Price Action Key Signals
An engulfing candlestick pattern at 14:30 UTC pushed the price lower. This downward spike brought TRX back to the $0.2265 level. The RSI fell below 30, indicating oversold conditions. A Golden Cross appeared in the MACD at 02:00 UTC. These signals suggested a potential bounce, and TRX found support at $0.2270. The price formed another upward channel in an attempt to resume the uptrend. At 01:30 UTC, the RSI moved above 70 again, and the MACD showed a Death Cross, warning of another potential drop.
TRX continued to push toward the resistance level of $0.2475. The upward channel broke downward at 10:00 UTC on March 6, bringing the price to $0.2350 and creating a support zone. As the RSI dropped below 30 and another Golden Cross appeared in the MACD, the price rose again at 01:00 UTC on March 7. It formed another channel upward. Upon reaching the resistance level of $0.2475 again, TRX formed a range. This range broke upward at 05:00 UTC on March 8, the most recent development.
The $0.2475 level has proven to be a critical resistance point for TRON. If TRX can push above this level, further bullish momentum could follow.
Network Activity
Network activity on the TRON blockchain has shown substantial growth recently. On March 4, the network recorded 2.94 million active addresses, its highest level in two months. This increase in active addresses indicates growing interest in the TRON platform. Blockchain health is often measured by active address count, as it shows actual network usage. TRX is trading at around $0.2458, showing a 2% increase over the past 24 hours. The day’s trading range has been between $0.2407 and $0.2465.
The price action shows stable support at the $0.240 level. Many traders view this as a sign of strength that could lead to further gains in the coming weeks. Technical indicators show buying pressure exceeding selling pressure. The Bull Bear Power analysis reports a positive value of 0.0105, indicating a slight bullish bias. However, the current buying momentum lacks the strength for significant price gains. The market remains in a consolidation phase for now.
TRON is currently at the lower edge of the Bollinger Bands indicator, which suggests relatively low market volatility.
TRON’s Bullish Outlook
The tight Bollinger Bands point to a market stabilization phase. Analysts note that a move above the middle band could signal an upcoming rise in price. Some cryptocurrency analysts have made bold predictions about TRON’s future price. Several reports suggest a potential target of $1 for TRX in the upcoming bull cycle. These predictions are based on historical data showing TRX achieved 200–300% increases during specific periods. Between October and November 2024, TRX rose from $0.16 to $0.426 by December 2024.
The critical question remains whether TRX can break through the $0.2475 resistance level. This breakthrough would be needed to continue the current bullish trend.
Final thoughts
This TRON (TRX) article highlights a period of volatility and consolidation for the crypto with significant attention on the key resistance level of $0.2475. The price action suggests an ongoing struggle to break above this level despite multiple bullish signals such as Golden Cross formations in the MACD and increased network activity. At the same time, technical indicators like the RSI and MACD also point to moments of potential price correction, as evidenced by the formation of Death Crosses and RSI readings indicating overbought conditions.