So, here we are again, teetering on the edge of glory (or disaster, depending on your caffeine intake), and all eyes are on Tron as it clings to its bullish structure like Bridget Jones to her last glass of chardonnay on a Friday night 🍷. Seriously, TRX is putting on an absolute technical fashion show: higher highs, higher lows, all supported by volumes that would make even Colin Firth raise an eyebrow. As long as the price stays above $0.26—the support zone with more emotional baggage than Bridget’s diary—a push to $0.31 looks totally possible, darling.
Since bouncing off its swing low, Tron (TRX) has gone full-on upwardly mobile: smashing the 200-day moving average, swooping back above major volume zones, and generally behaving in a way that would make any trend analyst swoon. Price is now consolidating just above the value area high—fabulous news, right as Tron flirts outrageously with a Nasdaq listing. Fibs and bullish order blocks are aligning with all the coordination of a surprise party, and it’s starting to look very “new shoes and a haircut” bullish from here.
Key technical points
- Support at $0.26: The price stays above high-timeframe support, value area high, and 0.618 Fibonacci retracement. Like, “I’m not moving out of bed for anything less,” vibes. Several candle closes confirm that buyers are holding on tighter than Mark Darcy to his dignity.
- Wick Fill to $0.31? Previously, the price hit $0.31 and was rudely rejected—big dramatic “not tonight” energy. Now, there’s a fat chance that level gets “wick filled,” given the ongoing uptrend and relentless volume. Could this be… the triumphal return?
- Still Bullish, Sweetheart: The market structure is practically screaming, “Higher highs and lows, no time for bears.” Supported by the 50 MA and 200 MA, it’s as robust as the calories in a Christmas dinner trifle.
Currently, Tron is trading right in the technical sweet spot, having skipped merrily over the $0.26 support zone and parked itself above like an overconfident suitor. This region lines up with the value area high, a bullish order block, and our old pal the 0.618 retracement, resulting in a support confluence strong enough to withstand even Bridget’s mum’s unsolicited advice. The 50-day moving average is doing its best bodyguard impression, buffing the signals all the way.
About that $0.31 situation—price bounced off with a “get lost!” wick, which seasoned crypto types know is basically code for, “see you again soon, maybe after another gin and tonic.” In strong uptrends, these “wick fills” love a comeback, and if Tron keeps its act together, that 16% move up to $0.31 is anything but fantasy. Champagne out, please.
No gloomy clouds in Tronville for now: price keeps plodding up the stairs, higher highs, higher lows, not a bear in sight (they’ve all gone on a silent retreat). We’ve had candles closing above every technical line with all the steadiness of a Love Actually plot twist. The volume profile looks sturdy, meaning—brace yourself—the bulls could be in for another lap of honor.
What’s Next? Cue the Dramatic Music…
Unless something silly happens and Tron falls out of bed below $0.26, that runway to $0.31 is still wide open. Volume, technical trend, and dynamic support are all like, “You do you, TRX.” Unless the structure faceplants, expect the short-term action to stay as perky as Bridget at a Daniel Cleaver sighting. 🚀
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2025-06-17 15:55