TRX coin is rebounding from key support levels, with growing volume and bullish patterns hinting at a potential breakout towards the $0.32 zone.

After several days of volatility, TRX coin is showing signs of strength again as buyers step in near key support. The TRON’s modest rebound from the $0.297 range has drawn attention back to its technical setup, with participants eyeing whether this renewed momentum can fuel a larger breakout.

TRX Coin Sees a Strong Bounce from Key Levels

Data from Brave New Coin shows TRON TRX coin trading at $0.30, marking a modest 0.84% gain over the last 24 hours. The recovery follows a retest of the lower boundary of its short-term range near $0.297, where buyers stepped in to defend the structure. Volume spiked to $888 million, suggesting renewed activity.

TRON coin is trading at around $0.30, up 0.84% in the last 24 hours. Source: Brave New Coin

Technically, the current structure resembles a rebound phase inside a broader accumulation zone. The next critical resistance lies between $0.305 to $0.310, while support remains firm at $0.295. Sustaining above would validate this short-term bounce, potentially targeting the upper channel near $0.32 if buying pressure continues.

Bullish Wedge Hints at Continuation Potential

ShangoTrades highlighted that TRX has broken out of a bullish falling wedge, a pattern that typically signals a shift in momentum. Price action confirms a strong rebound from the lower wedge boundary, with an immediate upside target around $0.3040.

TRX breaks out of a bullish falling wedge, signaling renewed momentum and potential continuation toward the $0.315 resistance zone. Source: ShangoTrades via X

The breakout aligns with increasing volume and short-term bullish divergence on momentum indicators, reinforcing the view that a continuation move may follow. As long as TRX coin maintains structure above $0.297, the probability of an extension towards $0.310 to $0.315 remains high, supporting the broader bullish sentiment forming across the market.

On-Chain Flows Support Accumulation and Strength

TRX on-chain signals are increasingly aligning with price strength. Rising reserves and accumulation trends indicate growing confidence among long-term holders. The data suggests TRX could target $0.32–$0.37 once resistance is cleared, with funding and open interest metrics stabilizing. The inflow of stablecoins into TRON’s ecosystem further bolsters liquidity, signaling a healthy environment for potential upside continuation. On-chain momentum remains one of the stronger supporting factors for TRX’s medium-term outlook.

TRON’s on-chain data shows rising accumulation and stable funding, highlighting strong holder confidence and growing liquidity across its ecosystem. Source: Davide via X

Technical Breakout Targets Align with Bullish Reversal

Jack’s analysis shows TRX stabilizing within a descending channel after months of corrective movement. A breakout above the upper trendline resistance would shift the market structure from neutral to bullish. The key confirmation zone sits between $0.308 to $0.315; clearing this level could drive an impulsive move towards $0.32 to $0.37.

TRX coin consolidates within a descending channel, with a breakout above $0.315 likely confirming a bullish reversal toward the $0.37 zone. Source: Jack via X

Momentum indicators show reserves rising and leverage cooling off, both typical of accumulation phases before breakout rallies. As long as the price holds above the $0.295 base, the structure favors an upward continuation. The phrase “quiet momentum, loud potential” fits perfectly as TRX builds strength quietly before a possible push towards higher resistances.

Contrary View: TRX Coin Faces Technical Weakness Below 200D SMA

While optimism grows, Umair Crypto presents a cautious perspective. TRX has dipped below its 200-day SMA, signaling that the broader uptrend remains unconfirmed. The chart also shows price slipping under its previous swing low, a sign of structural weakness that could lead to additional short-term pressure.

TRON remains below its 200-day SMA, showing short-term weakness despite bullish divergence signals hinting at a possible rebound. Source: Umair Crypto via X

However, a minor bullish divergence on RSI offers a glimmer of hope. If the divergence holds, a rebound towards $0.31 may materialize, but failure to reclaim the moving average would keep TRX coin exposed to further downside, possibly towards $0.285 to $0.280. This contrary view highlights that while momentum is improving, bulls still need a confirmed reclaim of major averages to solidify control.

Final Thoughts: TRX Eyes $0.32 with Broader Market Support

TRON’s latest rebound shows both technical and on-chain confluence, accumulation is rising, liquidity is improving, and structure is tightening towards a potential breakout.

If the bullish wedge breakout continues and on-chain strength persists, TRX coin could retest the $0.32 to $0.37 zone in the near term. However, reclaiming the 200-day SMA remains the key trigger for a sustained mid-term trend reversal. For now, the setup leans bullish but demands confirmation through volume expansion and follow-through above resistance.