TRX Falters at $0.278 Resistance Level with Trade Tensions Clouding Outlook
Network still hums
Tron handled >$1 billion in on-chain value over the last 24 hours, and it remains Tether’s workhorse—about 70 % of all USDT still rides the TRON rails.
Macro drag, price pause
Worries over global trade and growth have clipped risk appetite across crypto. TRX is now coiling between $0.271 and $0.278 after an early-session breakout fizzled.
Key Levels & Flow
Zone | Role | Comment |
---|---|---|
$0.277-0.278 | Resistance | 05:00 UTC thrust (121 M TRX) tagged $0.278, then stalled |
$0.273 | Mid-pivot | Exact centre of the current box |
$0.271 | Support | Floor tested twice on rising volume |
Range width: ≈ 2.95 %.
Tape Highlights
05:00 UTC: High-volume spike to $0.278 fails to hold.
13:34: Quick 5.4 M-TRX reversal kicks price from $0.270 → $0.271.
13:55-14:00: Momentum burst prints $0.272620, adding a near-term lid.
14:00 close: Settles at $0.272442 (-0.5 % from intraday high, +0.5 % from hourly open).
Bottom line:
Strong fundamentals buffer Tron against macro headwinds, but traders need a clean break of $0.278 to flip the chart bullish. Until then, expect more sideways grind inside the 3 % band.
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