TRON bulls must defend THIS support level for recovery – Can they do it?

• Tron continued trading in the range of FUD on a wider market
• Low of range could see the bull’s conversion but traders should be aware of volatility

Tron’s [TRX] the price was not as seriously affected as the rest altcoin the market during the last landfill. Flowing tension in the Middle East and the involvement of the US to the market acids all bull expectations.

Fear of rising oil prices and increasing inflation is few of many investors.

Source: Inotheblock

Over the past 24 hours, Bitcoin [BTC] The sequence of 3.68% of its value, but Tron dropped only by 2.87%.

For comparison Ethereum [ETH] and Solan [SOL] In the same period it fell by 9.22% and 7.5%. The correlation matrix revealed that the TRX had only +0.32 with bitcoins, which helps to explain its relative endurance on this rocky market.

Will the TRX be calm facade continue in price charts?

Source: TRX/USDT ON TRADINGVIEW

The range of range (white) between 0.263 and $ 0.294 was carried on the one -day chart. TRX has been trading to this extent over the past six weeks. At the time of writing, he was heading again.

The resistance of the middle range for $ 0.279 rejected Tron’s bulls on June 17th. The price held at 61.8% Retracement Retracement level to $ 0.27, but was forced to advance this level. FIB levels were brought on the basis of the November-December 2025 Assembly from $ 0.16 to $ 0.45.

OBV signaled a balance between buyers and sellers in the last month. RSI fell below the neutral 50 to indicate that momentum was changing bear.

Source: Coinglass

1 monthly liquidation thermal map outlined the formation of the scope of Tron. The $ 0.264 magnetic zone has been swept, but it is possible that it could move to $ 0.261. There may also be chances of bull conversion.

Although the TRX is not highly correlated with BTC price movements, there is a great chance that the coming days will be bearish for the crypto market. Therefore, traders with a swing looking for a long TRX should be careful about volatility.

Under $ 0.261, $ 0.24 support could be another key cluster of disposal that could attract the TRX price lower.

Resistance of liability: The information presented does not represent financial, investment, trading or other types of advice and are merely the opinion of the writer