TRON PRICE ANALYSIS & PREDICTION (May 26) – TRX is Stalled Due to Latest Market Drops, Can It Breakthrough $0.28?

Amid the latest market tumoil, TRX has continued to remain calm with roughly 1% gain in the last 24 hours. However, it looks slightly bullish on the daily chart but the price seems stuck over the past two weeks. Following a slow and steady recovery in the last two months, TRX tapped the $0.28 level last week and remained stuck under this level due to a rejection. It reattempted the level this week, but failed due to the last 48 hours meltdown across the crypto space, triggered by Bitcoin’s drop. Despite that, the price remained calm while altcoins are seriously bleeding out. Looking at the price actions, the crypto appears to be gathering momentum, accumulating for a massive explosion, just like what we saw in late 2024. A breakout of this calm phase should set the market up for a serious price movement on the daily chart. In the opposite direction, it may roll over if the overall crypto market continues to bleed on the daily scale. Right now, there’s little-to-no movement in the market. But from a technical standpoint, TRX is much more likely to advance bullishly even if the price breaks down from the ongoing calm phase. It is expected to see more growth in the future. TRX’s Key Level to Watch Source: Tradingview The main barrier for the bulls right now is the $0.28 level, which now acts as resistance. A flip through it should rally us to a close resistance of $0.31 before tapping $0.35 and perhaps $0.4 and $0.45 in the future. If the $0.26 level fails to provide support, the price may roll back to $0.24. The support level to watch below it is $0.21 in case of more dips. Key Resistance Levels: $0.28, $0.31, $0.35 Key Support Levels: $0.26, $0.24, $0.21 Spot Price: $0.27 Trend: Neutral-Bullish Volatility: Moderate Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !

Source: NullTx