Tron climbs as buyers dominate momentum indicators: weekly report

Traders Union
All News
Crypto
Tron advances 3.78% this week

Highlights

TRX maintains a bullish medium- and long-term trend, trading well above key moving averages with strong dynamic support below.
Momentum indicators show continued upward pressure, but overbought readings suggest short-term buying activity may be stretched.
TRX is expected to consolidate between $0.3368 and $0.3403, with a 75% probability of further upside if resistance breaks.

Network activity surge and stable revenue underpin positive sentiment this week

Tron's network activity surged in April as active addresses climbed to over 76 million, marking a 47% increase from the previous month. Transaction volumes also remained robust, with more than 290 million transactions processed and stablecoin transfers exceeding $85 billion in value on the network. Tron Inc increased its treasury by acquiring additional TRX tokens, and the stable revenue trend continues with the network generating more fee revenue than Ethereum for the third consecutive month.

Bullish momentum persists over the week despite overbought indicators

Weekly technical indicators for TRX remain bullish, with the price significantly above the MA-20 and MA-50, confirming strong support and a positive structure. Key weekly support levels are set at $0.3023 (MA-20) and $0.3055 (MA-50), while resistance lies near $0.3403. The weekly RSI stands at 63.68, indicating moderate bullish momentum, though overbought conditions in the Stochastic RSI and Commodity Channel Index highlight potential for short-term pullbacks. Additional momentum indicators, including MACD, ADX, and Bull/Bear Power, support ongoing buyer dominance, with the Awesome Oscillator reflecting continued upward momentum.

Upside potential next week as momentum and support levels align

For the next 7 days, TRX is expected to consolidate within a narrow band, with the anticipated trading range between $0.3368 and $0.3403. There is a roughly 75% probability of further upside continuation based on weekly momentum and support from key moving averages. If resistance at $0.3403 is broken, additional gains could be seen; however, a break below $0.3368 may trigger a pullback toward dynamic support at the MA-20 or MA-50.

Jainam Mehta, market strategist, sees Tron maintaining strong momentum this week as price action remains well above major moving averages and network growth stays robust. He notes that while momentum indicators are bullish, some signals show possible overheating, suggesting the upcoming week may see brief pauses or minor pullbacks within a tight range. Mehta believes the overall structure is constructive, but resistance near $0.3403 will be the key focus for potential breakout attempts. "With conviction still on the side of buyers, I am watching for a possible squeeze above $0.3403 — but I am ready to step aside if support at $0.3368 fails to hold."

Previously it was reported that RealOpen partnered with TRON to advance stablecoin-funded real estate transactions, highlighting growing institutional use of Tron's network. The current sustained network growth and ongoing bullish price action in TRX further reinforce Tron's expanding utility, with traders advised to monitor the $0.3403 resistance for signs of a potential breakout and continued upside momentum.

Source of Data: TRX Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.