TRX Weekly 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 in a corrective phase following a blow-off top, trading below its 20-week and 50-week moving averages which now act as immediate resistance. Short-term indicators like MACD and RSI suggest continued bearish momentum, potentially testing lower support around 0.26. However, the long-term structure remains bullish as the price holds well above the rising 200-week SMA.
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TRX Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is trading below both the 20-week and 50-week SMAs; MACD shows a strong bearish crossover with expanding negative momentum; RSI has dropped below neutral 50.
Long-term Sentiment (weeks to months): Bullish
The primary multi-year trend remains intact with the 200-week SMA rising steadily (currently ~0.153); current price action represents a correction within a broader uptrend.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-02T07:24:57.289Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $0.26 | $0.26 - $0.27 | Strong | Aligns with the lower Bollinger Band and local price structure. |
| $0.21 | $0.20 - $0.22 | Strong | Major prior consolidation zone and breakout level before the recent parabolic move. |
| $0.16 | $0.15 - $0.16 | Strong | Confluence with the long-term 200-week SMA. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $0.29 | $0.29 - $0.30 | Strong | Immediate overhead resistance formed by the 50-week SMA (0.289) and 20-week SMA (0.298). |
| $0.36 | $0.35 - $0.36 | Weak | Recent consolidation highs and breakdown area. |
| $0.45 | $0.44 - $0.45 | Strong | Major swing high (blow-off top wick). |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Deep Correction / Pullback | Bearish | $0.26 | After a parabolic spike to ~0.45, the price has retraced significantly, breaking below short-term moving averages. |
| Strong | Bearish MACD Crossover | Bearish | N/A | The MACD line has crossed significantly below the signal line with a widening negative histogram, confirming downward momentum. |
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-week and 50-week SMAs; MACD shows a strong bearish crossover with expanding negative momentum; RSI has dropped below neutral 50.. 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 $0.26 and $0.21. 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 43/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.