Tron (TRXUSD) has been showing incredible resilience as of late, as despite the correction of the last few months, it is about to test the August 2025 Highs.
Its 1W RSI pattern though, which is under Lower Highs with the price testing the trend-line now, is on a similar pattern as the 2021-2022 Bear Cycle. It was during that 3rd rally and Lower Highs test (May 02 2022) that TRX got rejected and started its final Bearish Leg.
That final correction hit and bottomed on the 1W MA200 (orange trend-line), which was also on the Support level of the Bear Cycle as formed by the June 21 2021 Low. At the same time, the 1W RSI bottomed around 33.00 (almost oversold).
Pay particular attention to the 1W RSI as its December 02 2024 High was priced on the same level as the March 29 2021 High of the previous Bear Cycle. If this symmetry continues, we may also see it bottoming on the 33.00 Support again.
As a result, taking into account all the above parameters, TRX's 0.20250 Support seems like a strong candidate for this Bear Cycle bottom, which by October - November 2026, may again make contact with the 1W MA200. If however the 1W RSI hits the 33.00 Support first, we will turn long-term bullish on Tron regardless of the price.
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