TRON (TRX) Battles $0.35 Resistance Wall—Can $1B Buyback Fuel the Breakout?

TRX bulls hit a brick wall at $0.35 despite Justin Sun's billion-dollar buyback fireworks. Here's why the charts scream 'prove it.'

The buyback bounce that wasn't

TRON's treasury burned through $1B propping up TRX—only to face immediate rejection at a level traders have eyed since 2023. Market makers yawned as liquidity dried up faster than a DeFi rug pull.

Whale watching at critical levels

On-chain data shows cluster of eight-figure sell orders stacked like pancakes at $0.34-$0.35. Meanwhile, retail traders FOMO'd into leveraged longs like it was 2021—classic 'dumb money' behavior.

What comes next?

Either TRX shatters resistance to chase its 2025 ATH...or becomes another 'buy the rumor, sell the news' casualty in crypto's endless cycle of hype. Place your bets—just don't mortgage your dog for margin.

Quick Take

• TRX currently trading at $0.34 (+0.35% in 24h) • TRON's RSI at 68.5 signals potential overbought conditions NEAR key resistance • $1 billion buyback program and record revenue driving fundamental strength • Key resistance at $0.35 threatens short-term continuation of rally

What's Driving TRON Price Today?

TRON faces a critical juncture as the TRX price encounters resistance at $0.35 following a remarkable 26% rally over the past 90 days. Despite yesterday's positive momentum, recent market data shows concerning outflows of $2.95 million, suggesting profit-taking behavior among investors.

The primary catalyst behind TRON's recent strength stems from the announcement of a massive $1 billion buyback program on August 7th, which initially drove the TRX price to surge 8% above the $0.33 level. This buyback initiative coincides with TRON's exceptional first-half performance, generating a record $916 million in revenue and achieving an $81 billion USDT supply, cementing its dominance in the stablecoin ecosystem.

Network fundamentals continue to support bullish sentiment, with TRON surpassing 5 billion total transactions and daily transfer value spiking 67% year-over-year. However, despite these positive developments, recent profit-taking activities and the approach of key technical resistance levels suggest potential short-term corrections could emerge.

TRX Technical Analysis: Mixed Signals at Critical Juncture

TRON technical analysis reveals a complex picture as momentum indicators begin showing divergence. The TRX RSI currently sits at 68.5, approaching overbought territory but not yet signaling an immediate reversal. This level suggests caution for new long positions while indicating the rally may be losing steam.

The MACD histogram shows a concerning -0.0001 reading, indicating bearish momentum despite the overall uptrend. TRON's MACD line at 0.0089 versus the signal line at 0.0090 suggests the recent rally may be experiencing technical exhaustion.

Bollinger Bands analysis shows the TRX price positioned at 0.8397 relative to the bands, placing it very close to the upper resistance at $0.35. This positioning typically indicates limited upside potential in the short term and increased probability of mean reversion toward the middle band at $0.33.

Moving averages paint a more optimistic picture, with TRON's SMA 7 at $0.34 well above the SMA 20 at $0.33, confirming the short-term uptrend remains intact. The EMA 12 at $0.33 and EMA 26 at $0.32 also support the current bullish structure.

TRON Price Levels: Key Support and Resistance

Based on Binance spot market data, tron support levels are clearly defined with immediate support at $0.30 and strong support at $0.26. The $0.30 level represents the lower Bollinger Band and has historically provided significant buying interest during corrections.

TRX resistance levels show the immediate challenge at $0.35, which aligns with both the upper Bollinger Band and recent swing highs. This level has proven formidable, with multiple rejection attempts over recent sessions. Breaking above $0.35 WOULD likely target the 52-week high of $0.43, representing a potential 26% upside.

The current pivot point at $0.34 serves as a critical decision level for traders. Sustained trading above this level supports continued bullish momentum, while a break below could trigger selling pressure toward the $0.30 support zone.

Trading volume of $104,902,741 on Binance spot indicates healthy participation but has not shown the explosive increase typically associated with strong breakout moves.

Should You Buy TRX Now? Risk-Reward Analysis

For aggressive traders, the current TRX price setup offers a risk-reward scenario favoring patience over immediate entry. The proximity to resistance at $0.35 limits immediate upside potential to approximately 3%, while a rejection could see the TRX price retreat 12% to the $0.30 support level.

Conservative investors might consider waiting for either a clear breakout above $0.35 with strong volume confirmation or a pullback to TRON support levels around $0.30-$0.31 for better risk-adjusted entries.

Swing traders should monitor the TRX RSI closely for any MOVE above 70, which would signal overbought conditions and increase correction probability. The $1 billion buyback program provides fundamental support for any technical pullbacks, making dips potentially attractive for long-term accumulation.

Risk management suggests stop losses below $0.30 for new long positions, as a break of this level would invalidate the current bullish structure and potentially target the strong support at $0.26.

Conclusion

TRON stands at a crucial inflection point with the TRX price testing key resistance while fundamental catalysts provide underlying support. The combination of record revenue, network growth, and the buyback program creates a solid foundation, but technical indicators suggest caution in the immediate term. Traders should monitor the $0.35 resistance closely over the next 24-48 hours, as a decisive break or rejection will likely determine TRON's short-term direction. The TRX/USDT pair remains in a strong uptrend, but tactical patience may reward those waiting for clearer directional signals.

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