Saad Ullah
TRON (TRX) finds itself at a make-or-break moment as the token clings to the $0.347 level amid growing bearish sentiment. Market watchers are holding their breath as tight consolidation suggests an explosive move is brewing. A recent analysis shared on X highlights how this narrow range could be the calm before the storm, with early warning signs pointing toward potential downside acceleration.
TRON (TRX) Price Action Shows Cracks in Support
Right now, TRX is dancing around $0.3448, caught between sellers at $0.34710 and buyers at $0.34711 – a razor-thin spread that screams volatility is coming. Smart money traders are positioning for what could be a swift drop if the current support crumbles.
The setup looks straightforward but deadly effective: enter short around $0.347, keep your stop tight at $0.3505, then watch for targets at $0.345 and $0.3444. It's the kind of trade that either pays off quickly or stops you out fast – no middle ground.
What makes this particularly interesting is how TRX has been coiling up after its recent climb. The chart tells a story of exhausted bulls and patient bears, with selling pressure slowly building beneath the surface. When consolidation gets this tight, something's gotta give, and the technical signals aren't exactly bullish.
If $0.347 breaks, we're likely looking at a rapid-fire move down to test those lower targets. But in crypto's wild world, anything can happen, which is why keeping that stop loss disciplined at $0.3505 isn't just smart – it's survival.
Saad Ullah
