TRX Struggles at $0.278 Resistance as Trade Tensions Weigh on Markets

Global economic uncertainties are weighing on cryptocurrency markets as TRX consolidates following its recent failed breakout attempt. The token, which established a trading range between $0.271 and $0.278, has shown resilience despite mounting trade tensions between major economies. Tron’s blockchain continues to demonstrate strong fundamentals, processing over $1 billion in daily transaction volume while maintaining its position as the primary network for USDT circulation with over 70% market share. Technical Analysis Highlights TRX-USD established a 24-hour trading range of $0.271 to $0.278, representing a 2.95% spread. A bullish breakout attempt occurred during the 05:00 hour with high volume (121.2M), reaching $0.278 but failed to sustain momentum. Resistance zone formed around $0.277-$0.278, with support established at $0.271, tested twice with increasing volume. Price action shows consolidation following rejection at resistance, with $0.273 sitting near the midpoint of the range. Significant bullish momentum emerged in the last hour, breaking out of consolidation with a move from $0.271 to $0.272. Notable reversal at 13:34 saw volume spike to 5.4M as TRX surged from $0.270 to $0.271. Momentum accelerated between 13:55-14:00, with price reaching $0.272620, establishing a new resistance level. Despite a brief pullback to $0.272052, strong buying pressure maintained support above $0.272. The hour closed at $0.272442, representing a 0.5% gain from the opening. Substantial volume increase during the breakout confirms strength of the upward move, suggesting potential continuation. Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk’s full AI Policy . This article may include information from external sources, which are listed below when applicable. External References ” Tron (TRX) and Mutuum Finance (MUTM) Target $0.60 In The Next 60 Days As TRX Price Crosses Key $0.25 Level “, Cryptopolitan, published May 15, 2025. ” Tron Price Prediction 2025–2031: Will Tron reach $1? “, Cryptopolitan, published May 16, 2025.

Source: CoinDesk