TRON (TRX), which once exhibited remarkable resilience amidst market volatility, is now confronting a pronounced bearish shift. The initial promise of a price recovery has diminished, superseded by escalating selling pressure that is guiding the cryptocurrency into a challenging trajectory.
Bearish Momentum Takes Hold
Following a notable rejection at the $0.325 local resistance level, TRON has experienced a significant increase in selling pressure. Key market indicators paint a clear picture of this shift: the spot Cumulative Volume Delta (CVD) has turned negative, signaling aggressive selling activity in the spot markets. Concurrently, funding rates have flipped negative, and a rising Open Interest paired with falling prices suggests that speculative traders are confidently taking short positions on TRX. This pattern of taker-sell dominance, which has been evident since late August, indicates that market orders are actively driving prices downwards, setting a clear bearish trend.
Critical Support Breached and Future Outlook
A pivotal development in TRON's recent performance is its fall below the crucial $0.3 support level, a zone previously defended with considerable effort. A sustained daily close beneath this threshold would decisively establish a bearish market structure, effectively nullifying any prior signs of potential recovery. Further technical analysis reinforces this negative outlook, with the Relative Strength Index (RSI) persistently below the neutral 50 mark and moving averages clearly signaling bearish momentum. The On-Balance Volume (OBV) also reflects a consistent downtrend, underscoring a pervasive lack of buying interest. For traders monitoring TRON, the $0.325 zone remains a critical resistance; its failure to convert into support significantly dims any immediate bullish prospects. Should the current bearish trend continue, traders might consider a potential retest of the $0.30–$0.31 range before initiating short positions, with the next significant downside target projected around $0.264.
