- TRON (TRX) remains relatively stable compared to other altcoins but is now approaching a crucial support level at $0.261.
- If bulls fail to defend this zone, a drop toward the $0.24 level could follow amid broader market volatility.
TRON Resilience Tested Amid Market-Wide Chaos
While the broader crypto market reels from rising geopolitical tensions and macroeconomic fear, TRON (TRX) has displayed relative stability. Bitcoin (BTC) tumbled 3.68% in the last 24 hours, while Ethereum (ETH) and Solana (SOL) suffered sharper losses—down 9.22% and 7.5% respectively. TRX, by contrast, slid only 2.87%, thanks in part to its weak correlation with BTC (+0.32), according to IntoTheBlock data.
However, this calm exterior could soon be tested as TRON heads toward a critical support zone.
TRON Approaches Make-or-Break Level at $0.261
For the past six weeks, TRON has moved within a tight range between $0.263 and $0.294. The price recently failed to breach the mid-range resistance at $0.279 and is now drifting toward the lower end of its consolidation channel.
As of now, TRX hovers near the 61.8% Fibonacci retracement level at $0.27—plotted from its previous rally between $0.16 and $0.45. With the RSI dipping below the neutral 50 line and the OBV indicating no clear buyer dominance, bearish momentum appears to be building.
Volatility Ahead – Bulls Must Defend $0.261
According to Coinglass’s liquidation heatmap, the $0.264 zone has already seen activity, but a move further down to $0.261 could still be on the table. If bulls fail to defend this level, the next significant support sits at $0.24—another key liquidity cluster.
While Tron has shown independence from BTC’s volatility, the broader bearish sentiment driven by geopolitical fears and inflation concerns could still drag the price lower. Swing traders looking to enter long positions should brace for high volatility and watch the $0.261 level closely.
TRON may have outperformed its peers in the recent downturn, but its ability to stay afloat now hinges on holding the $0.261 support. If this level breaks, the next stop could be $0.24. All eyes are on TRX as bulls battle to maintain the range—and prevent a deeper correction.
