TRON Bulls Battle at Critical Support – Will This Level Spark a Comeback?

TRON's fate hangs in the balance as bulls scramble to defend a make-or-break support level. Failure could send prices tumbling—but hold this line, and the recovery narrative gets fresh legs.

Key level under siege

The cryptocurrency's recent slide has brought it to a pivotal price floor—one that historically separates panic selling from bargain hunting. Market watchers are glued to charts, waiting to see if buyers step up or if TRON joins the growing list of altcoins bleeding out.

Make or break moment

Technical analysts point to this zone as the last stand before potentially cascading sell orders. Meanwhile, perpetual swap funding rates suggest traders are positioning for volatility—because when has crypto ever done anything quietly?

Just another day in decentralized finance's endless cycle of hope and despair. Will TRON defy gravity or become another cautionary tale? The charts will decide—and the market's merciless efficiency will deliver the verdict.

Source: IntoTheBlock

Over the last 24 hours, Bitcoin [BTC] shed 3.68% of its value, but TRON was down by only 2.87%.

By comparison, ethereum [ETH] and Solana [SOL] fell by 9.22% and 7.5% in the same period. The correlation matrix revealed that TRX only had a +0.32 correlation with Bitcoin, helping explain its relative steadiness in this rocky market.

Will the calm TRX facade continue on the price charts?

Source: TRX/USDT on TradingView

On the 1-day chart, a range formation (white) between $0.263 and $0.294 was plotted. Over the past six weeks, TRX has traded within this range. At the time of writing, it was heading to the range low once again.

The mid-range resistance at $0.279 rejected TRON’s bulls on 17 June. The price clung on to the 61.8% Fibonacci retracement level at $0.27, but it was forced to cede this level. The Fib levels were plotted based on the November-December 2025 rally from $0.16 to $0.45.

The OBV signaled an equilibrium between the buyers and the sellers over the past month. The RSI fell below neutral 50 to suggest that momentum was turning bearish.

Source: Coinglass

The 1-month liquidation heatmap outlined the range formation of TRON. The magnetic zone at $0.264 has been swept, but it may be possible that a MOVE to $0.261 could occur. There may also be chances of a bullish reversal.

However, even though TRX is not highly correlated with BTC’s price moves, there is a good chance that the coming days would be bearish for the crypto market. Hence, swing traders looking to long TRX should be careful of volatility.

Below $0.261, the $0.24 support level could be the next key liquidation cluster that might attract TRX’s price lower.

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