TRON Price Outlook: Will $0.27 Level Prevent Further Decline?

Key Insights

Current TRON Price Forecast

Market analysis suggests TRX could descend to $0.272, potentially reaching lows around $0.245 in the short term.

Long-Term Bearishness on the Horizon?

Since mid-August, TRON's downtrend has been part of a broader retracement phase, hinting that a bullish turnaround from crucial Fibonacci levels remains possible.

TRON [TRX] is experiencing a significant retracement phase. Recent corrections in Bitcoin [BTC] have negatively impacted the altcoin market, including TRON.

Following a peak at $0.2961 on November 3rd, TRX fell 6.6% to a low of $0.276.

A report by AMBCrypto pointed to a rising reserve-to-borrow ratio as a precursor to a potential TRX rally, though market fear complicates recovery prospects.

TRON's Bearish Price Prediction Persists

Analysis of TRON's 1-day chart suggests a nuanced view is essential. The chart shows a bearish trend after dropping below the $0.3 level from early October.

The OBV indicates strong selling pressure, with the DMI confirming a solid downtrend as both -DI (red) and ADX (yellow) are above 20.

This points to TRX possibly declining to the $0.264-$0.269 support range.

Despite apparent bearish signals, TRX has been in a long-term uptrend. The latest high timeframe upswing began in March and peaked at $0.37 in mid-August.

Fibonacci retracement levels suggest key support at $0.2717 and $0.245, correlating with the 61.8% and 78.6% retracement levels, respectively. TRX is likely to fall to these levels amid the current downtrend.

The 4-hour chart identifies key entry points for swing traders. The $0.29 range (white box) shows an H4 imbalance, while the $0.296–$0.298 zone (cyan box) is an order block.

Testing these areas may trigger bearish reactions. If selling pressure prevails, TRX could reverse after reaching $0.288–$0.29. Conversely, if buying intensifies, prices might climb to $0.298 to capture overhead liquidity.

Traders considering short positions should prepare for both scenarios, with the setup invalidated if TRX surpasses $0.30.