|

Tron Price Analysis: TRX/USD subject to downside shocks

  • The Tron price on Friday is trading is in negative territory late in the session down 2%.
  • TRX/USD is moving within a narrowing range block, subject to further potential downside.

The Tron price in the latter part of trading on Friday is trading in negative territory, nursing losses of some 2%. It has been moving within a narrowing fashion, stuck within consolidation mode for the past eight sessions.

TRX/USD price action is moving within a narrowing range-block formation, subject to downside risks. The consolidation mode comes after what has been a very volatile month already; the price had been rallying in early April, but this upside was very much short-lived.

Technically, given the noted price behaviour, TRX/USD is vulnerable to further downside movements. The near-term bottom support of the recent narrowing range is seen at $0.02580, a breach here would see all of the April gains reversed, inviting a strong wave of selling pressure.

TRX/USD daily chart

d

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

More from Ken Chigbo
Share:

Editor's Picks

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.

Crypto Today: Bitcoin, Ethereum, XRP come under renewed pressure amid ETF outflows, tariff uncertainty

Bitcoin, Ethereum and Ripple are trading under increasing selling pressure at the time of writing on Tuesday, as market participants navigate renewed tariff uncertainty. The Crypto King holds above $63,000, down 2% intraday from its $64,656 open.

Bitcoin falls to two-week low as ETF outflows, tariff chaos weigh

Bitcoin price extends losses on Tuesday, ending a two-week consolidation phase. Risk-on sentiment fades amid growing uncertainty over Trump’s tariffs and rising US-Iran tensions, increasing downside risks toward $60,000.

Sui Price Forecast: SUI capitulates under pressure, opens the door to $0.70

Sui (SUI) declines by 3% at press time on Tuesday, extending the downside breakout of a short-consolidation range confirmed the previous day. Retail sentiment is bearish, as evidenced by increased long liquidations and a sharp drop in the funding rate. 

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: No recovery in sight

Bitcoin (BTC) price continues to trade within a range-bound zone, hovering around $67,000 at the time of writing on Friday, and falling slightly so far this week, with no signs of recovery.