- Tron continued to act within a reach despite the FUD on the wider market
- Reach low could see a bullish reversal, but traders must be aware of the volatility
Tron’s [TRX] The price was not hit as heavily as the rest of the Altcoin market during the most recent dump. Suitable tensions in the middle and the American involvement have taken care of any bullish expectations in the market.
Fear of rising oil prices and escalating inflation are just a few of the many investors fears.
Source: Intotheblock
In the last 24 hours, Bitcoin [BTC] Whose 3.68% of its value, but Tron had only fallen 2.87%.
For comparison, Ethereum [ETH] and Solana [SOL] Fell by 9.22% and 7.5% in the same period. The correlation matrix revealed that TRX only had a +0.32 correlation with Bitcoin, which explains the relative stability in this rocky market.
Will the quiet TRX façade continue with the price charts?
Source: TRX/USDT on TradingView
On the 1-day graph, a range (white) between $ 0.263 and $ 0.294 was set out. In the past six weeks, TRX has traded within this reach. At the time of writing it went again to the reach of the range.
The medium range resistance at $ 0.279 rejected Tron’s Bulls on 17 June. The price clung to the 61.8% Fibonacci Retracement level at $ 0.27, but it was forced to reach this level. The FIB levels were deported on the basis of the November-December 2025 rally from $ 0.16 to $ 0.45.
The OBV has demonstrated a balance between the buyers and the sellers in the past month. The RSI fell under neutral 50 to suggest that the momentum became bearish.
Source: Coinglass
The 1 -month liquidation heat map outlined the range of Tron. The magnetic zone at $ 0.264 has been swept, but it may be possible that a move to $ 0.261 could occur. There can also be opportunities for a bullish reversal.
However, although TRX has not been strongly correlated with the price movements of BTC, there is a good chance that in the coming days it would be Bearish for the cryptomarkt. That is why swing traders who look at long TRX must be careful with volatility.
Under $ 0.261, the support level of $ 0.24 could be the following key liquidation cluster that can put on the price of TRX lower.
Disclaimer: The presented information does not form financial, investments, trade or other types of advice and is only the opinion of the writer