TRON Teeters as TRX Tests $0.28 Support—Will Bulls Step In?

TRX wobbles near a critical level, flirting with bearish territory as traders watch for a breakout—or breakdown.

Market sentiment sours while TRON’s price action mirrors broader crypto fatigue. Another ’stable’ day in decentralized finance.

If $0.28 cracks, brace for turbulence. If it holds? Maybe—just maybe—the bulls get a second wind.

Spot Market Shows Growing Sell Pressure

Further evidence of potential downside comes from TRON’s spot market data. According to CryptoQuant, the Spot Taker Volume—which measures the net difference between taker buys and sells—has flipped bearish. This metric had been positive during the first half of May, signaling active buying, but has turned downward over the past ten days. The current “Taker Sell Dominant” phase indicates growing sell-side momentum and may foreshadow additional downside.

Traders are now paying close attention to the next likely move, especially with Bitcoin (BTC) teetering near its own critical demand zone around $102,000. A broader crypto market correction led by BTC could easily drag TRX below its current support levels.

Heatmap Suggests a Drop to $0.255 or Lower

Data from Coinglass reveals more concerning signs through the TRON Liquidation Heatmap. This tool tracks clusters of liquidity—zones where many Leveraged positions could be liquidated if price moves sharply in either direction. According to the map, there is a significant cluster of liquidity just below the current price range, especially around $0.255 and further down toward $0.24. These areas may attract the price lower in search of liquidity, particularly if sell pressure intensifies.

Interestingly, there’s also a concentration of short liquidations near $0.282. This means that a short-term rally to that level could wipe out overleveraged short positions before the price potentially reverses again. Traders should remain cautious, as such liquidation “hunts” often cause quick, sharp moves in both directions.

Caution Is Key for TRX Traders

Given the current setup, traders should be especially careful around the $0.28 level. Going long at this point carries high risk unless strong confirmation arrives via rising volume and a solid break above resistance. On the flip side, entering short positions near $0.255 could also be risky if the market reverses to chase short liquidations higher.

For now, the smart MOVE may be to stay on the sidelines or trade within the range until the market provides clearer direction. If TRX fails to hold $0.266, a drop toward $0.255 or even $0.24 becomes increasingly likely. However, if bulls can gather enough strength to break past $0.282 with conviction, it could signal a new leg up for TRON.

In summary, TRON stands at a critical juncture. With conflicting signals across the board, the next few trading sessions could determine whether TRX embarks on a new bullish wave—or succumbs to the building pressure and reverses sharply.