Is a TRON breakout imminent? The TRX price chart, which exhibits a trend in breaks followed by consolidation, suggests it may be a trend-range day. Resilience at revised prices, along with a series of support statements, especially moves toward the higher ranges by the price. Despite the temporary death crosses on the MACD indicators, buying momentum would still negate TRON from appearing to make a reversal on a larger scale.
The RSI changed from oversold to overbought, which has lent itself as an oscillator of pullbacks and releases. As analyzed on April 23, the bullish TRX price indicates a short-term opportunity for buying. Let’s investigate this closely regarding its price action to determine a possible or likely TRON breakout.
TRX Price Analysis of the Last 24 Hours
TRX opened trading at around $0.2453 on April 22. The TRON Price was stuck consolidating in a tight zone just below the $0.246 area for the first few hours. The MACD indicated a death cross at 01:05 UTC, driving TRX slightly lower. A weak bearish momentum allowed the price to keep a range steady between the mentioned resistance area at $0.249 and support at $0.243.
The trend continued during the early hours, with yet another death cross on the MACD occurring at 09:40 UTC, causing the price to dip slightly but remain above the support level. Around 12:40 UTC, a golden cross appeared at the same time as RSI showed a bounce off the oversold zone.
Chart 1, analysed by Anushri Varshney, published on TradingView, April 23, 2025
This bullish momentum caused an immediate and strong TRON breakout as the price raced to the resistance area, peaking around $0.2498 by 14:15 UTC. Later, the market grabbed onto another golden cross around 20:55 UTC, as bullish buy orders began surfacing. TRON Price once again climbed close to $0.249 before facing resistance. TRX began moving downward during the early hours of April 23 since multiple death crossovers appeared on the MACD with RSI dipping near oversold status. The momentum was diminishing, but the TRON Price remains comfortably just above the strong support band at $0.243.
As of 11:26 UTC, TRX Price trades at $0.2454. Although recent bearish crosses signal short-term pressures, the overall price structure indicates that TRON may still be near a breakout setup. Bulls will eye to trigger another golden cross with a significant volume push to reclaim $0.250 and confirm the next breakout on TRON. Until then, the consolidation range remains intact.
TRON Price Movements Today: April 23, 2025
On April 23, 2025, TRX began trading at $0.248 and is still fighting to hold its ground near $0.2500, where the resistance levels are. The day started quite bearish, with some death crosses occurring on the MACD. Nevertheless, the TRX price has not dropped anywhere but hovered close to its support at $0.2430. The RSI has shown some stability around the midline as the price of TRX consolidates. The appearance of both golden and death crosses has led to rather choppy price action, making it difficult to ascertain the direction of a clear TRON breakout.
TRX Price Prediction: Can TRON Hit $0.25 Soon?
TRON coin pricing in the short term could have bullish tendencies if it moves past the $0.2500 resistance level. The MACD is giving conflicting signals, in some instances giving golden crosses and in other instances giving death crosses, indicative of a highly volatile period and uncertainty among the traders. A successful break above the resistance could result in steep gains, whereas, in opposition, the price of the TRON coin could delay and consolidate at the present levels, with possible support retests downwards.
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