TRON (TRX) Price Analysis: Will Bulls Maintain Momentum Above $0.22?

• TRX currently trades at $0.2236, with strong resistance at $0.235 and its key support at $0.215.
• Analyst’s predictions and increased network activity project bullish momentum but resistance at $0.235 must be attained for further gains.

TRON (TRX) is on a ride to maintain its bullish position, currently trading at $0.2236, which amounts to a 4.2% gain in the last 24 hours. The current rally has been fueled by Tron’s increased network activities, whale accumulation and market optimism. Tron’s Market Capitalization is already above $21.2 billion which makes it among top 10 cryptocurrencies.

TRX has declined approximately 3.5% over the past week and 6% over the past month, aligning with a broader market downturn. The token is now approaching a key resistance zone near $0.225, with a stronger hurdle at $0.235 based on Fibonacci retracement levels. If buying momentum continues, TRX could break above these levels and extend its gains. However, failure to do so may trigger a short-term correction, pushing the price toward lower support zones. Speculation is rising whether TRX can sustain its current uptrend or face another pullback.

Tron CEO Justin Sun is highly optimistic about the tokens’ bullish potential and will reach its ATH no matter what. He also recently announced in a post via his X account that big news is coming soon to the TRON Community. That has sparked a positive trend toward TRX while the global crypto market is facing volatile with other leading cryptocurrencies bleeding including BTC, XRP and SOL.

TRX Faces Resistance at $0.235: Breakout or Reversal?

TRON has successfully broken past key resistance levels at $0.223 over the past few weeks, reinforcing its bullish structure. However, another major test lies at $0.235, a level that faced multiple rejections over the month. A decisive move beyond this barrier would strengthen Tron towards $0.240-$0.245, which is a significant psychological level.

Meanwhile, TRX has strong support at $0.190 where buyers have historically stepped in to defend prices. But if selling pressure increases, the next safety net is at $0.200, and a further drop could push TRX toward $0.195-$0.180. Technical indicators remain mixed, with the Relative Strength Index (RSI) currently hovering at 59, signaling that the asset is in a neutral zone , undecided about selling or buying pressure.

The MACD histogram remains in a neutral zone, showing lingering bearish pressure. However, a bullish crossover may form if the DIF line surpasses the DEA line, hinting at a potential reversal.

Zooming in, TRON is currently trading below its 30-day MA at $0.231 and 60-day at $0.243 signaling weak bullish momentum. Based on the technical output, a breakout above $0.23 could confirm an uptrend.

On-Chain Metrics Indicate Sustained Growth

Beyond Tron price action, On-chain data reveals its bullish outlook. According to DeFiLama, the total value locked (TVL) in Tron’s ecosystem has surged past $4.5 billion, which makes it a force in the DeFi industry. Additionally, network activity remains strong, with the number of daily active addresses increasing by 18% in March alone, reflecting growing adoption.

Whale accumulation has also played a crucial role in TRX’s price action. Transactions over $500K have spiked by 25% in the last week, indicating confidence among large investors. However, as TRX approaches the $0.235 resistance, traders should be cautious of potential profit-taking that could lead to a short-term pullback before the next leg up.

TRON continues to outperform, with both technical and fundamental indicators supporting further upside. However, the ability to break above $0.235 will be crucial for maintaining momentum. If the level is breached, TRX could rally toward $0.25. If rejected, a pullback toward $0.215 may occur before another attempt at higher levels.