$TRX 💥 TRX's $0.34 Pivot: The Bullish Reversal Line
TRON (TRX), currently trading near $0.281, is targeting the crucial $0.34 resistance level, which represents an approximate 21% rally. This $0.34 price point is exceptionally critical as it aligns with a major Fibonacci Retracement level (0.236) and, more importantly, is cited by analysts as the pivot point that must be exceeded to invalidate potential deeper corrections and confirm a bullish continuation structure.
The momentum for this move is structurally underpinned by TRON's continued dominance in the stablecoin market (USDT) and its recent strategic pivot to introduce a Bitcoin Layer 2 solution, which is expected to boost ecosystem adoption. However, short-term technical indicators currently signal a "Strong Sell", with the price consolidating below a cluster of moving averages.
For TRX to reach $0.34, it must first decisively break the immediate resistance near $0.30 (which includes a prior 1-Month High and the 61.8% Fib from the 52-Week Low). A sustained, high-volume daily close above $0.35 is the technical confirmation needed to successfully test and flip the $0.34 barrier, setting the stage for a push toward the next major resistance cluster near $0.36 to $0.38.
