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$TRX : Testing Crucial Support After Recent Volatility
The price of TRON ($TRX) is currently trading at $0.36029, showing a decline of -3.67% after facing consistent downward pressure. On the 15-minute chart, $TRX is currently attempting to stabilize below its recent local levels but holding just above the critical daily support floor at $0.35973, signaling that buyers are stepping in to halt further downside.
Spot Entry Zone
Entry Zone: $0.35980 – $0.36200
Stop Loss (SL): $0.35400
Target 1 (TP1): $0.36812
Target 2 (TP2): $0.37150
Target 3 (TP3): $0.37471
Market Analysis
$TRX is currently navigating a brief consolidation after a sharp correction down from its local high of $0.36812 to its 24-hour low of $0.35973. After finding immediate demand at that baseline, the price has seen a minor sideways structure building near $0.36029, where it is encountering short-term minor friction. If the price successfully stabilizes within this entry zone and establishes a firm foundation, we anticipate a recovery drive back toward the previous local peak at $0.36812. A clean breakout above this level would allow bulls to reverse the immediate downtrend and retest the upper daily range near the 24-hour high of $0.37471.