TRX Daily Technical Analysis
Tron
TRON (TRX) is a decentralized blockchain platform for content sharing and dApps, aiming to create a free digital entertainment ecosystem; TRX is its native utility token used for transactions, governance (staking/voting), and powering the network, known for high throughput and low fees.
TRX Technical Analysis Summary
TRX is currently undergoing a sharp short-term correction, having broken below its 20-day and 50-day moving averages with confirmed bearish momentum on the MACD. While the long-term trend remains upward sloping supported by the 200-day SMA, the immediate outlook suggests a test of lower support zones near 0.277 or 0.265 is likely before stabilization. The RSI is approaching oversold levels, indicating the selling pressure may soon become exhausted.
Included In Lists
Related Tickers of Interest
TRX Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is trading below both the 20-day and 50-day SMAs. The MACD shows a bearish crossover with expanding negative histogram, and the RSI is trending downward toward oversold territory.
Long-term Sentiment (weeks to months): Bullish
Despite recent weakness, the price remains above the slowly rising long-term 200-day moving average (dark blue line), and the macro structure of higher lows from mid-2024 is technically still intact.
Report Metadata
- Timeframe: daily
- Generated at: 2026-02-03T13:03:07.218Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $0.28 | $0.28 - $0.28 | Weak | Coincides with the Lower Bollinger Band (0.277355) and immediate price action floor. |
| $0.26 | $0.26 - $0.27 | Strong | Confluence of the rising 200-day SMA and previous consolidation lows from November/December. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $0.29 | $0.29 - $0.29 | Strong | The 50-day SMA (0.292802) acts as immediate dynamic resistance. |
| $0.30 | $0.30 - $0.30 | Strong | The 20-day SMA (0.298387) and psychological level. |
| $0.32 | $0.32 - $0.32 | Strong | Upper Bollinger Band and recent swing highs. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Short-term Correction | Bearish | $0.27 | A sharp pullback from the recent high of ~0.31, characterized by consecutive red candles and loss of the 50-day moving average. |
| Weak | Descending Channel | Bearish | N/A | Price action since the January peak is forming a downward channel, guiding the current retracement. |
Frequently Asked Questions about TRX
What is the current sentiment for TRX?
The short-term sentiment for TRX is currently Bearish because Price is trading below both the 20-day and 50-day SMAs. The MACD shows a bearish crossover with expanding negative histogram, and the RSI is trending downward toward oversold territory.. The long-term trend is classified as Bullish.
What are the key support levels for TRX?
StockDips.AI has identified key support levels for TRX at $0.28 and $0.26. These levels may represent potential accumulation zones where buying interest could emerge.
Is TRX in a significant dip or a Value Dip right now?
TRX has a Value Score of 72/100. It is currently flagged as a significant dip in the Top Dips list. It is also listed as a Value Dip because long-term sentiment is bullish.
View the full interactive analysis on StockDips.AI.