Will TRX Hold Above $0.2466 or Drop to $0.18 Before a Rally?

The TRXUSDT TRXUSD chart on the 1W timeframe maintains a bullish structure despite the recent retracement. The EMA ribbon remains upward-sloping, and the price is showing signs of rejection from this zone, reinforcing the broader uptrend.

Two potential entry zones stand out for a continuation to the upside. The first is $0.2466, aligning with the golden Fibonacci retracement zone, a key level where buyers may step in. The second is $0.18, a significant support level where the price previously broke through a major historical high. Both areas offer favorable setups targeting $0.45, the next major resistance level.

The market’s reaction at these key levels will determine the next move. A strong bounce could confirm a continuation toward $0.45, while a breakdown of these supports could shift the momentum.

👨🏻‍💻💭 Which entry do you favor? Will TRX hold above $0.2466 or revisit $0.18 before its next leg up? Let’s discuss your outlook!
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