TRX is still trading above the $0.304 support level even as the broader market shows weakness, keeping attention on the $0.316 to $0.304 range. From a Fibonacci retracement view, the 50% level sits at $0.3166, the 61.8% level at $0.3042, and the 78.6% level at $0.2875. Those price points have become central for technical traders tracking the current pullback.
Under the Elliott Wave framework, the decline is being treated as a second-wave correction rather than the start of a larger bearish move. A short point matters here. As long as TRX stays above $0.3042, the broader bullish structure remains intact and traders can keep looking for the next upward leg.
Below $0.2875, the chart focus would shift
Crypto analyst More Crypto Online said a move under $0.2875 would weaken the positive setup and could push market focus toward the main support zone near $0.27. The analyst’s view is that holding above the 61.8% Fibonacci retracement keeps the wider bullish count valid, which raises the chances of another advance.
That leaves the current support band at the center of the chart. If price continues to stabilize there, traders may read it as a base for trend continuation; if that floor breaks, the technical picture changes quickly and attention shifts to lower support.
RSI moves above 50 while MACD turns more constructive
Momentum indicators are also showing early signs of recovery. TRX’s Relative Strength Index is at 51.26, while its moving average stands at 40.90. With RSI back above the 50 threshold, buying pressure appears to be returning, though the signal is still modest rather than decisive.
The MACD setup has also improved. The MACD line is at -0.00273, the signal line at -0.00498, and the histogram at 0.00225. A positive histogram and a MACD line above the signal line suggest that downside pressure is easing. If both RSI and MACD continue to strengthen, traders are likely to keep watching for a bullish breakout attempt.
TRON points to policy dialogue and industry cooperation
Outside the chart, TRON has also highlighted regulatory dialogue and sector cooperation through its support for the Digital Sovereignty Alliance. The project has drawn attention not only for price action but also for its role in blockchain-based digital entertainment and payment infrastructure, along with its participation in policy discussions and industry representation.
The Digital Sovereignty Alliance is intended to create a forum for discussion around digital asset regulation and the future of blockchain, bringing together companies, policymakers, and advocates. TRON said its support reflects a focus on regulatory clarity, industry representation, and responsible growth. For the market, the immediate question remains whether $0.304 will continue to hold and whether TRX can build a fresh upward wave from that level.