TRX Coin Faces Bullish Trend Shift as Momentum Fades
TRON (TRX) coin is facing a potential shift in its bullish trend, with signs of fatigue and fading momentum. Despite remaining within an ascending channel, TRX is under pressure around the $0.33 support level.
TRX has been consolidating around $0.334 to $0.336, with resistance capped at $0.342. However, weekly momentum charts indicate signs of exhaustion after months of steady growth. The TRX coin is now under pressure, with support at $0.33 under threat.
TRX has spent an extended period trading under the EMA-50, marking the longest drop below this moving average since April 2025. The Moving Average Convergence Divergence (MACD) has started to flatten, with emerging trends pointing towards potential downside. The inability to reclaim the EMA-50 shows weakening momentum, raising the risk of further downside pressure in the near term.
Adding to TRX's woes, Ethereum's USDT supply has overtaken TRON's long-standing lead, signaling that stablecoin issuers are shifting preference back to Ethereum. This shift may weigh on medium-term TRX valuations if the trend continues.
If TRX loses its current support around $0.33, the next key levels lie closer to $0.30 to $0.28. While TRX remains within a broader ascending channel, buyers' control may be waning. Investors should closely monitor TRX's price action and indicators for any signs of a potential trend reversal.
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