TRON (TRX) Tests $0.35 Resistance as RSI Hits Overbought Territory
James Ding
Aug 13, 2025 01:36
TRX price holds steady at $0.35 with 75+ RSI levels, while $1B buyback program and record Q2 earnings fuel bullish momentum despite recent profit-taking signals.
Quick Take
• TRX currently trading at $0.35 (+1.29% in 24h)
• TRX RSI at 75.03 indicates overbought conditions near key resistance
• $1 billion buyback program and record Q2 earnings drive positive sentiment
What’s Driving TRON Price Today?
TRON’s price action reflects a complex interplay of bullish fundamentals and technical caution. The most significant catalyst came from Tron Inc.’s record-breaking Q2 2025 financial results reported on August 11, showing a dramatic turnaround with $1.47 million in net income compared to prior-year losses. The company’s shareholders’ equity skyrocketed by 3,500% year-over-year to over $111 million, demonstrating unprecedented financial strength.
This positive momentum builds on the August 4 announcement of a massive $1 billion buyback program, which initially sparked an 8% surge that pushed TRX price above the crucial $0.33 level. The buyback strategy signals management’s confidence in TRON’s long-term value proposition and provides fundamental support for current price levels.
However, recent market dynamics show signs of cooling. On August 9, TRON faced resistance after completing a substantial 26% rally over the preceding 90-day period. The $2.95 million net outflow on that day suggests institutional profit-taking at current levels, creating short-term headwinds for the TRX price despite the strong fundamental backdrop.
TRX Technical Analysis: Overbought Signals Emerge
TRON technical analysis reveals a cryptocurrency approaching critical decision points. TRX RSI has climbed to 75.03, firmly in overbought territory above the 70 threshold, suggesting the recent rally may need consolidation before continuing higher.
TRON’s moving average structure remains overwhelmingly bullish, with the current $0.35 price trading well above all key averages. The EMA 12 at $0.34 and SMA 20 at $0.33 provide immediate support levels, while the SMA 200 at $0.26 confirms the long-term uptrend remains intact.
The MACD indicator shows continued bullish momentum with a positive histogram reading of 0.0010, though the narrow spread between the MACD line (0.0105) and signal line (0.0095) suggests momentum may be slowing. TRON’s Stochastic oscillator reinforces the overbought condition with %K at 95.74 and %D at 90.97.
Bollinger Bands analysis reveals TRX trading near the upper band at $0.35, with a %B position of 0.9936 indicating extreme proximity to resistance. This positioning often precedes either a breakout or a pullback to the middle band around $0.33.
TRON Price Levels: Key Support and Resistance
Based on Binance spot market data, TRON support levels are clearly defined at multiple tiers. The immediate TRX resistance sits at $0.35, which coincides with both the 52-week high and current Bollinger Band upper boundary. A break above this level could signal continuation toward uncharted territory.
TRON support levels offer multiple safety nets for bullish traders. Immediate support at $0.31 aligns with the Bollinger Band lower boundary and represents approximately 11% downside from current levels. The stronger support zone at $0.27 provides a more substantial 23% buffer and has historically acted as a major accumulation area.
The TRX/USDT trading pair shows healthy volume of $170.4 million on Binance spot, indicating sufficient liquidity for institutional participation. The daily ATR of $0.01 suggests moderate volatility, providing opportunities for both swing traders and position builders.
Should You Buy TRX Now? Risk-Reward Analysis
Conservative traders should exercise caution given the elevated TRX RSI readings and proximity to resistance. The overbought condition suggests waiting for a pullback toward the $0.33-$0.31 support zone could offer better risk-adjusted entry points.
Aggressive traders might consider the current TRX price justified by the $1 billion buyback program and record financial performance. However, position sizing should account for potential 10-15% corrections to TRON support levels. Stop-losses below $0.31 would help preserve capital if the overbought condition leads to deeper retracement.
Long-term investors benefit from TRON’s improving fundamentals, with the buyback program providing ongoing price support regardless of short-term technical fluctuations. The 3,500% increase in shareholders’ equity demonstrates the ecosystem’s growing financial stability and revenue generation capabilities.
Swing traders should monitor TRX price action around the $0.35 resistance level closely. A decisive break above with strong volume could target the next Fibonacci extension levels, while rejection might signal a move back toward the $0.33 middle band.
Conclusion
TRON price action over the next 24-48 hours will likely determine whether the current rally continues or requires consolidation. The combination of record financial results and the billion-dollar buyback program provides fundamental support, but technical indicators suggest caution at current levels. Traders should watch for either a breakout above $0.35 with volume confirmation or a healthy pullback to TRON support levels around $0.33 for the next high-probability entry opportunity. The overall trend remains very strong bullish, making any significant dip a potential buying opportunity for patient investors.
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