TRON has slipped lower in the past 24 hours after a short-lived attempt to extend its recent recovery.

At press time, the token was trading around $0.3598, marking a decline of roughly 3.6% over the day.

This decline places TRX back inside a tight consolidation zone, where both macro conditions and technical levels are now tightly aligned.

Notably, the TRX price decline has tracked a wider downturn across the crypto market, with Bitcoin falling about 3.36% over the same period.

A key driver behind the broader risk-off tone has been sustained outflows from US spot Bitcoin exchange-traded funds.

These flows have added pressure across major digital assets, with liquidity conditions tightening during the session.

Geopolitical tensions have also contributed to cautious positioning.

Escalating US–Iran developments have increased uncertainty in broader financial markets, leading investors to reduce exposure to risk assets, including cryptocurrencies.

The combined effect has been a synchronised pullback across large-cap tokens rather than isolated weakness in individual projects.

Despite the short-term pullback, technical indicators for TRX continue to show a mixed but slightly bullish structure.

A majority of technical indicators, including the EMAs, are leaning bullish.

TRX is trading above the 20-day, 50-day, 100-day, and 200-day EMAs.

Only the 10-day EMA is acting as near-term resistance, reflecting short-term pressure within a broader upward structure.

This alignment typically signals that longer-term momentum remains intact even during corrective phases.

The Relative Strength Index (RSI) is currently positioned at 57.05, placing TRX in neutral territory.

This level indicates that the market is neither overbought nor oversold, and suggests that traders may be waiting for a clearer catalyst before committing to a stronger directional move.

Immediate attention is centred on the $0.350 zone, which aligns closely with the 30-day simple moving average near $0.350.

A break above this zone would keep TRX within its recent consolidation range and maintain the possibility of stabilisation.

Below that, the next support level is positioned around $0.3474. A break beneath this area would signal a deeper retracement phase and potentially open the way for extended downside pressure.

On the upside, resistance is clearly defined near $0.3767, which represents the first major barrier for any recovery attempt.

A clean close above $0.3767 would be required for TRX to re-enter a stronger upward continuation phase and recover recent losses from the macro-driven sell-off.

The post TRON (TRX) price drops 4% after brief rally: $0.35 support now in focus appeared first on Invezz

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