TRON Price May Dip to $0.272 in Ongoing Retracement, Recovery Possible

• Bearish structure on the 1-day chart confirms downward momentum below $0.3.

• On-balance volume (OBV) signals heavy selling, supporting further declines to key support zones.

• Fibonacci retracement levels at 61.8% ($0.2717) and 78.6% ($0.245) highlight potential downside targets amid the broader altcoin market weakness.

Explore the latest TRON price prediction amid bearish retracement. Learn key support levels and trading insights for TRX in this volatile crypto market. Stay informed on altcoin trends today.

What is the TRON price prediction?

TRON price prediction points to a bearish outlook in the near term as TRX continues its retracement phase influenced by Bitcoin’s recent correction. After peaking at $0.2961 on November 3, TRX has declined 6.6% to a swing low of $0.276, with indicators suggesting further drops to $0.272 and potentially $0.245. A recovery remains possible if key Fibonacci supports hold, but current market fear favors sellers.

Does the higher timeframe bias also show bearishness?

The higher timeframe analysis reveals that TRON’s downtrend since mid-August aligns with a broader retracement from its March to August uptrend, which topped at $0.37. Fibonacci retracement levels indicate critical supports at the 61.8% ($0.2717) and 78.6% ($0.245) marks, where buyers could step in for a potential rebound. However, the Directional Movement Index (DMI) on the 1-day chart, with the negative directional indicator (-DI) and Average Directional Index (ADX) above 20, underscores a strong ongoing downtrend. Data from TradingView shows the on-balance volume (OBV) declining, reflecting sustained selling pressure across the altcoin sector. Market analysts note that Bitcoin’s influence exacerbates this, as TRX mirrors wider crypto market dynamics. A recent report from COINOTAG pointed out that a rising reserve-to-borrow ratio might signal an early rally phase for TRX, though prevailing fear metrics make immediate upside challenging. Expert opinions from blockchain researchers emphasize monitoring these levels closely, as a break below $0.264-$0.269 could accelerate the decline. Short sentences highlight the nuance: TRX is in retracement, not reversal; supports are key; recovery hinges on Bitcoin stabilization.

TRON price prediction bearish as retracement continues

Source: TRX/USDT on TradingView

TRON [TRX] finds itself in a pronounced retracement, heavily impacted by the recent Bitcoin correction that has rippled through the altcoin market. The 1-day chart presents a bearish structure, evident after TRX breached the $0.3 swing low established in early October. This breakdown has intensified selling, as confirmed by the falling OBV, which indicates robust distribution at current levels. The DMI further validates the downtrend’s strength, with both the -DI and ADX surpassing 20, pointing to continued momentum toward the $0.264-$0.269 support zone.

Despite these bearish signals, a closer examination reveals TRX operating within an overarching uptrend. The swing high from March to mid-August at $0.37 provides the basis for Fibonacci retracement plotting, identifying $0.2717 (61.8%) and $0.245 (78.6%) as pivotal supports. In this context, the current decline appears as a necessary pullback rather than a full trend reversal. Traders should watch for volume spikes at these levels, as historical data from similar retracements in altcoins often leads to bounces if external pressures like Bitcoin ease.

From a fundamental perspective, TRON’s ecosystem continues to show resilience. Network activity, including transaction volumes on the TRON blockchain, remains steady, supporting long-term value. However, short-term sentiment is cautious, with fear and greed indices in the market leaning toward fear, as per aggregated crypto sentiment tools. This environment makes aggressive buying risky, favoring wait-and-see approaches until clearer bullish cues emerge.

Source: TRX/USDT on TradingView

On the 4-hour chart, swing traders can identify strategic entry zones. The $0.29 area, marked by an imbalance, and the $0.296–$0.298 order block present opportunities for bearish reactions upon retest. Should sellers maintain control, TRX could reverse sharply after probing $0.288–$0.29. Conversely, buyer intervention might push prices toward $0.298 to capture liquidity above. Short positions require vigilance for both scenarios, with the setup invalidated by a decisive close above $0.30. Technical analysts from platforms like TradingView stress the importance of these zones in volatile markets, where quick shifts can occur based on broader crypto flows.

Broader market factors, including regulatory developments and macroeconomic indicators, also weigh on TRX. For instance, ongoing discussions around stablecoin integrations on TRON could bolster fundamentals, but near-term price action remains tied to Bitcoin’s trajectory. Historical patterns show altcoins like TRX often lag Bitcoin recoveries, suggesting patience for investors. Data from on-chain analytics firms indicates stable holder accumulation, which could support prices at lower levels without immediate upward pressure.

Frequently Asked Questions

What are the key support levels for TRON price prediction in the short term?

Key support levels for TRON price prediction include $0.264-$0.269 as the immediate zone, followed by Fibonacci-derived supports at $0.2717 (61.8%) and $0.245 (78.6%). These areas, based on the March-August uptrend, are critical for potential bounces amid the current retracement.

Is a bullish recovery possible for TRON despite the bearish signals?

Yes, a bullish recovery for TRON remains feasible if prices hold at key Fibonacci supports and Bitcoin stabilizes. The higher timeframe uptrend from March suggests this retracement is temporary, with rising reserve-to-borrow ratios hinting at underlying strength for a rally once market fear subsides.

Key Takeaways

• Bearish short-term outlook: TRX is projected to decline to $0.272 and possibly $0.245, driven by selling pressure and Bitcoin’s correction.
• Higher timeframe potential: The ongoing downtrend is a retracement within a larger uptrend, opening doors for recovery from $0.2717 or $0.245 supports.
• Trading strategy insight: Monitor 4-hour zones like $0.29 for entries; prepare for volatility and invalidate shorts above $0.30.

Conclusion

In summary, the TRON price prediction leans bearish in the immediate term due to retracement pressures and altcoin market weakness, with supports at $0.2717 and $0.245 in focus. Higher timeframe analysis offers hope for a rebound, supported by steady network fundamentals and potential reserve-to-borrow improvements. As crypto markets evolve, staying updated on Bitcoin trends and on-chain metrics will be essential for informed decisions—consider these levels for your next moves in the dynamic world of digital assets.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.