TRX Technical Analysis Feb 9

TRX is experiencing a squeezed consolidation at the 0.28$ level; the strong 0.2742$ support zone right below is testing buyers, while the 0.2797$ resistance above is critical for breakout. In the downtrend, RSI at 39.58 is neutralizing, while the short-term bearish structure continues.

Current Price Position and Critical Levels

TRX is currently positioned in a horizontal squeeze around 0.28$, experiencing a short-term resting phase within the overall downtrend structure. The price continues to stay below EMA20 (0.29$), giving a bearish short-term signal; the Supertrend indicator also shows resistance above 0.30$. A total of 14 strong levels were identified across 1D, 3D, and 1W timeframes (1D: 3 supports/5 resistances, 3D: 2S/2R, 1W: 2S/4R), enhancing the strength of the levels with multi-timeframe confluence. Over the last 24 hours, it traded in a narrow range (0.28$-0.28$) with a 0.18% decline, while volume remained stable at 121.89M$; this indicates that big players are positioning for liquidity hunting. The current price position features dominant downward momentum but carries potential for reaction buying before the 0.2742$ support.

Support Levels: Buyer Pools

Primary Support

0.2742$ (Strength Score: 75/100) – This level stands out as the strongest buyer zone. It consists of an order block tested three times in the last two weeks on the 1D timeframe; each test saw price rejection with volume increases (wick formations observed). It provides perfect confluence with EMA50 (around 0.2745) on the 3D chart and overlaps with the demand zone from monthly lows on 1W. Historically, a major reversal occurred here in October 2025; the volume profile shows a high volume node (HVN), indicating an area where institutional buyers gathered liquidity for stop hunting. For downward invalidation of the breakout, look for a close below 0.2730$; otherwise, it’s an ideal long entry zone for a bounce.

Secondary Support and Stop Levels

0.2698$ (Score: 69/100) – Secondary support is the confluence of 1D Fibonacci 0.618 retracement and 3D swing low. A strong V-shaped recovery was observed here in the past (December 2025), with RSI divergence signal. Volume spikes support it, but full confirmation is lacking on 1W; invalidation below 0.2685$. 0.2780$ (Score: 62/100) is a minor support just below the current price; the last 24h low formed here and can be used as a short-term stop level. If this zone breaks, a quick drop to 0.2742$ is possible via liquidity sweep; traders should place stops below 0.2770$.

Resistance Levels: Seller Pools

Near-Term Resistances

0.2797$ (Score: 83/100) – The nearest and strongest resistance; the upper band of the current consolidation. A supply zone before approaching EMA20 (0.29$) on 1D, rejected twice in the last three days (doji and shooting star patterns). Seller dominance is clear with decreasing volume, and it has formed a liquidity pool with equal highs on 3D. A close above 0.2805$ is required for breakout; otherwise, short opportunity.

Main Resistance and Targets

0.2832$ (Score: 72/100) – Mid-term main resistance, confluence of 1W Fibonacci 0.382 extension and 1D order block. A major distribution phase occurred here in January 2026, followed by a gap down after a low volume node (LVN) in the volume profile. 0.2885$ (Score: 72/100) is the upper target; 3D trendline resistance and Supertrend flip level. For upside target of 0.3210$, both must break, with R/R ratio around 1:2.5 (against downside to 0.2465$). Both levels are certified with 4+ tests across multi-timeframes, high fakeout risk before breakout.

Liquidity Map and Big Players

Big players (smart money) are accumulating long positions in the 0.2742$-0.2698$ support cluster while hunting short liquidity at 0.2797$-0.2832$ resistances. The price squeeze in a narrow range is ideal for stop hunts; below, liquidity pool under 0.2742$ (retail stops), above, buy stops above 0.2797$ are targeted. Order flow analysis shows imbalances on 1D – aggressive buying at supports, passive selling at resistances. In BTC’s downtrend, TRX could pull liquidity downward, but local demand is strong. Volume delta is negative but decreasing, with reversal signal potential. Big players may be waiting for a 0.2742$ break for downtrend continuation.

Bitcoin Correlation

TRX shows high correlation with BTC (0.85%); BTC in downtrend at 70,745$ level (24h -0.01%), TRX in altcoin caution mode. BTC’s main supports at 69,957$, 65,843$, and 60,000$; breaks could drag TRX quickly to 0.2698$. Conversely, if BTC breaks 72,183$ resistance, TRX could rally to 0.2832$. With BTC Supertrend bearish, TRX has short bias dominance; rising BTC dominance crushes altcoin liquidity. Key to watch: BTC below 69,957$ – TRX tests 0.2742$, above 72,183$ – TRX breakout opportunity. Details in TRX Spot Analysis and TRX Futures Analysis.

Trading Plan and Level-Based Strategy

Level-based outlook: Bearish bias dominant; if price fails to break 0.2797$ resistance, short opportunity to 0.2742$ support (target 0.2698$, stop 0.2810$). Conversely, strong rejection at 0.2742$ for long (targets 0.2832$-0.2885$, stop 0.2730$). Wait for multi-timeframe confluence: 1D closes critical. Target R/R 1:2+, downside major target 0.2465$. Bias can shift with volume increase and RSI >50 confirmation. This is general market view, not investment advice – check spot or futures analyses. Risk management: Position risk 1-2%, high volatility.