TRX is Trying to Rebuild Momentum After the Breakdown Phase

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TRX is Trying to Rebuild Momentum After the Breakdown PhaseTRON / TetherUSBINANCE:TRXUSDTmelikatrader94Hi! TRON/USDT is currently trading around $0.3236, showing early signs of recovery after a clear bearish phase that dominated the structure from late May into mid-June. During this decline, the moving average (100 SMA) also started to slope downward, confirming the broader bearish momentum. What stands out in your chart is the Quasimodo (QM) formation around the $0.315–0.318 zone, which acted as a key accumulation and reversal base. After a brief breakdown into the OML zone (~$0.3110–$0.3200 area), the price quickly reclaimed higher levels. From here, price is attempting to stabilize above the local support at $0.3207, which is now a crucial short-term pivot. Holding above this level keeps the recovery structure alive. On the upside, your roadmap is clearly defined: First target: around $0.3350, acting as the first major resistance and liquidity zone Second target: around $0.3397, which aligns with the higher supply area (blue zone) and likely stronger selling pressure If momentum continues, the structure suggests a potential impulsive move toward the first target, followed by a corrective pullback before any attempt toward the second zone. Overall, TRX is shifting from breakdown behavior into a recovery phase inside a previously broken structure, but confirmation still depends on sustained closes above the $0.3200–$0.3230 region.