Is TRON Still Bullish? TRX Weekly Analysis with $0.35 Price Target
TRON (TRX) on the weekly chart remains in a strong bullish structure. The price stays above the 50, 100, and 200 Simple Moving Averages (SMAs), confirming long-term upward momentum. Trading below the 20 SMA shows minor short-term weakness. This appears as a controlled bull-market pullback rather than a reversal, with consolidation dominating since the September high.
Key support levels lie at $0.285–$0.275 (50 SMA), $0.255–$0.260 (lower Bollinger Band), and $0.222 (100 SMA). Resistance is seen at $0.307–$0.310, followed by $0.33–$0.35. Bollinger Bands are narrowing, signaling reduced volatility and a potential setup for a strong directional move.
Bullish continuation requires a weekly close above $0.31, opening upside targets at $0.33, $0.35, and a higher-cycle extension toward $0.40. Sideways accumulation remains likely between $0.275–$0.31. A bearish breakdown below $0.27 would expose downside targets at $0.255 and $0.222, signaling bigger corrective risk.
Also Read: Tron (TRX) Year-End Outlook: Can TRX Push Toward $0.40?
Technical Indicators Signal Neutral To Bearish
The RSI for the week is approximately 49, which is modestly below the 50 level. It is a mixed-to-bearish reading since the buyers do not have a dominant influence. The RSI did go closer to the 40 level but is modestly recovering, which is a relief rally and not a strong reversal. A breakout above 55-60 is necessary to establish dominant buying influence.
The MACD is still bearish, as the MACD is below the signal line with a negative histogram. Nonetheless, the decreasing sizes of the red histogram bars indicate that the bearish momentum is decreasing. This means that selling pressures are decreasing; however, a bullish signal is not yet confirmed despite the MACD crossover on a daily basis.
TRON Expands Payments Through Wirex Partnership
TRON DAO has teamed up with @wirexapp, a worldwide digital payments firm that has rich experience working with stablecoins, to roll out a dedicated payment layer. Using this payment layer, users can now move their funds instantaneously and independently on the TRON network.
The Wirex TRON ecosystem operates entirely on-chain, enabling its digital agents to pay, earn, and conduct transactions. This heralds the advent of automated and real-time financial transactions without the need for any third-party involvement. The ecosystem, therefore, holds the key to making all TRON transactions seamlessly accessible to business entities.
Also Read: TRON (TRX) Rises: 7% Power Surge by December End
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