TRX coin holds firm near the $0.28 support level, showing resilience as participants watch for signs of a potential bullish reversal.

Despite market-wide weakness, TRX coin has managed to hold its ground near the $0.28 level, showing quiet resilience as other altcoins struggle. The coin’s steady performance around this key support zone reflects growing accumulation interest, while technical indicators suggest a possible bullish turnaround.

TRX Coin Reaches Key Weekly MA Support Zone

TRX coin is now interacting with its weekly moving average for the first time since its major rally from the $0.06 region in 2023. This level has historically acted as a structural demand zone, and the retest near $0.27 to $0.28 suggests the start of a potential medium-term consolidation phase.

TRX coin tests its weekly moving average support near $0.27–$0.28, signaling a potential consolidation phase. Source: BigChads via X

Technically, TRX remains within a long-standing ascending channel, with the 50-week MA serving as primary support. A clean rebound from this zone could open the door to a retest of $0.34 to $0.36. However, a breakdown below $0.27 might trigger a deeper test of $0.24, aligning with the 100-week MA and prior breakout range.

Potential Bottoming Phase Underway

According to Brave New Coin, TRX currently trades near $0.29, up 1.15% over the last 24 hours, supported by a market cap of $27.3 billion and daily volume exceeding $564 million. The recent stabilization around this price region highlights a steady bid presence despite broader market weakness.

TRON coin is trading at around $0.29, up 1.15% in the last 24 hours. Source: Brave New Coin

From a technical standpoint, the TRX coin appears to be forming a base structure between $0.27 to $0.29, where demand has consistently stepped in. A confirmed higher low around this range could validate the start of a recovery phase. Should momentum persist, near-term targets are expected to stand around $0.34–$0.37, with $0.27 maintaining its role as a protective support zone.

TRON TRX Outperforms While Market Bleeds

While most major altcoins saw red, with TAO, SOL, and ADA all posting losses above 5%, TRX stood out with a green close, rising 1.56% in the same session. This relative strength underscores its resilience, especially during a period of heavy market drawdowns.

TRX TRON shows rare strength, closing green amid a market-wide decline led by losses in TAO, SOL, and ADA. Source: Wave via X

The TRX community, including Wave, reflected the token’s unusually strong performance while the rest of the market struggled. Such strength in a bearish environment typically points to hidden accumulation or stronger network activity, suggesting that market participants may be positioning ahead of the next upward leg.

TRX Coin Technical Analysis

Price action on shorter timeframes indicates early signs of structure recovery. TRX is holding firm near $0.285, with a potential breakout setup forming if this support sustains. As highlighted by BullishBanter, the next logical resistance level lies at $0.344, followed by $0.371, which represents key liquidity pockets from earlier supply zones.

TRX price holds steady near $0.285 as structure recovery hints at a potential breakout towards $0.34. Source: BullishBanter via X

A decisive move above $0.32 would confirm a short-term trend reversal, validating the presence of buyers defending the base. Conversely, losing $0.285 could invalidate the bullish bias and expose a retest of $0.26, though the current market context favors accumulation over capitulation.

Final Thoughts

TRX’s performance has once again set it apart from the broader altcoin basket. Strong support confluence between $0.27 to $0.29, ongoing technical resilience, and rising community confidence all suggest that a new accumulation phase could be underway.

If price holds current levels and reclaims $0.34, a sustained move towards $0.36 to $0.40 becomes increasingly plausible. In a market where most assets are retracing, Tron’s ability to maintain strength hints that the network’s momentum and investor interest remain firmly intact.