Peter Smith
TRON rallies 8.8% as the broader crypto market corrects, with TRX eyeing a breakout above $0.35 that could lead to new highs.
TRON's been on a tear lately, hitting new 2025 highs since June while most cryptos are struggling. The latest 8.8% pump is pretty impressive, especially when you consider Bitcoin's down 3.5% over the same period.
Here's what's interesting – since July 15th, TRX has gained 8.85% while BTC dropped. Meanwhile, Ethereum managed to climb 15.38%, which explains why TRON seems to follow ETH more closely than Bitcoin these days.
Data from IntoTheBlock shows TRX has a strong 0.94 correlation with Ethereum but only 0.74 with Bitcoin. That's telling us something about where the smart money's flowing and which assets are moving together.
TRX Price Action Shows Bulls Are Still in Control
The charts are looking pretty bullish for TRON right now. Even as Bitcoin's testing that $112k support level, TRX is holding up well and could easily push past $0.35 in the coming weeks.
On July 29th, TRON broke through a key resistance level, which was a big deal for the bulls. The price then pulled back to test the $0.32 support zone – and guess what? It held firm. That's exactly what you want to see in a healthy uptrend.
Trading volume's been solid throughout July, staying above the 20-day average most of the time. The Chaikin Money Flow indicator is sitting above +0.05, which means there's real buying pressure behind this move. Sure, the Money Flow Index dipped below 50, but it's not screaming bearish just yet.
Key TRON (TRX) Price Levels Every Trader Should Watch
Looking at the 4-hour chart, momentum's cooled off a bit over the past few days. But here's the thing – the 50-period moving average is still acting as support, and it lines up perfectly with that $0.32 demand zone we mentioned earlier.
This setup suggests TRX could bounce over the weekend, especially if crypto sentiment improves. But traders need to watch that $0.32 level like a hawk. If it breaks below that, it'll be the first real sign that the bulls might be losing steam.
The big prize is $0.35 resistance. Break above that level, and TRON could be off to the races toward new all-time highs. With the current structure looking solid and buying pressure still there, TRX seems well-positioned for another leg up.
Bottom line: TRON's showing strength when others are weak, the technicals look good, and $0.35 is the next major hurdle to clear.
Peter Smith
