TRON Builds Bullish Momentum Near Key Support Zone: A Breakout Ahead For TRX?

Key Insights

• Tron's TRX is breaking out, hitting $0.277

• TRX bulls are eyeing $0.2,9, but $0.277 support is key

After weeks of sideways movement, TRON [TRX] is showing signs of coiling up for a potential breakout. According to a Cryptoquant analyst, technical indicators are flashing early signals, especially the narrowing Bollinger Bands, which often precede sharp volatility spikes.

Price analysis of TRON showing average price, moving average, and Bollinger Bands from September to June. The chart highlights periods when the price went above or below the Bollinger Bands.

A Calm Before the Storm for Tron?

TRX is currently trading in a tight range, with Bollinger Bands compressing a setup that traders often interpret as a precursor to an explosive move. The lower band has provided solid support around $0.26, a level where TRX recently bounced, indicating buyers are stepping in near the bottom of the current range.

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Following the bounce, TRX has been climbing toward the mid-Bollinger Band, also known as the equilibrium or mean level, which sits near $0.27. This zone often acts as a pivot, especially if bulls can reclaim and hold this level, it could set the stage for a bullish continuation.

What Comes Next $0.29 in Sight?

TRON (TRX) trading chart shows a slight upward movement with a current value of $0.27638214 against the US Dollar on Binance. The 1-day candlestick pattern exhibits moderate volatility, while the RSI indicates a level of 53.38, suggesting a neutral market trend. Trading volume stands at 1.91 million.

With TRX now hovering just below the midpoint, the market is in decision mode. If the price breaks above and flips $0.27 into support, the next logical target becomes the upper Bollinger Band near $0.29. This level typically acts as a distribution zone, where sellers may re-enter the market.

This $0.29 resistance has historical significance as well, aligning with the upper boundary of the 1–2 month consolidation structure. A strong breakout beyond this level could mark the beginning of a fresh trend, potentially pushing TRX toward a new local high.

Liquidity Dynamics Around the Equilibrium Zone

One key factor in this setup is liquidity buildup. As TRX moves into the mid-band area, traders often reassess their positions. Some accumulate near the lower band in anticipation of a breakout, while others prepare to sell at resistance.

This tug-of-war around the equilibrium zone typically determines the next directional move. If bulls win this battle, TRX could gain momentum quickly, especially given the low volatility environment.

Watch the $0.27 Level Closely

The current setup on TRON’s chart is classic: a Bollinger Band squeeze, equilibrium retest, and a possible breakout formation.

While nothing is guaranteed, the conditions are aligning for a volatile expansion, likely to occur within the next few trading sessions or weeks.

Under these circumstances, here are the key levels to watch. Firstly, the $0.26 support $0.27 (short-term), and $0.29 (breakout target) resistance zones.