#TRX — Buyers Eye Key $0.30 Reversal Zone

[Chawla Solutions]

TRON (TRX) has approached a critical support zone between $0.29 and $0.30, aligning perfectly with the 200-day moving average — historically a strong reversal point on the daily timeframe. This zone has served as a reliable demand area in past market reactions, often triggering swift bullish rebounds once selling pressure fades.

Currently, price action shows initial defense by buyers, signaling early signs of accumulation. If TRX manages to hold above $0.30 and prints higher lows, a potential rebound toward $0.325–$0.34 remains likely. This target aligns with the upper resistance area and the 50-day EMA, where prior rejections occurred.

The setup remains attractive for medium-term traders, provided support doesn’t break cleanly below $0.29. A decisive daily close under that level would invalidate the bullish bias and expose TRX to the next support near $0.28, which would be a better entry for aggressive buyers.

The 200-day moving average is also an institutional indicator — many algorithmic and fund-based systems use it as a reversion trigger, which increases the probability of a bounce here.

Conclusion:
Watch the green zone closely. If buyers step in as expected, TRX could deliver a short-term recovery leg toward $0.34. However, maintain stop-loss discipline — below $0.29, the bullish scenario weakens.