Tron has surged recently, but it may have peaked
$TRX showed weakness after hitting the key resistance level of 0.17 and a price reversal may be imminent. After a significant rally, the market appears to be preparing for a pullback.
There are several key price levels worth watching. First up is 0.15, which is immediate support below current prices, below which a move below could signal a deeper decline.
$TRX may consolidate here and try to rise again. If it cannot sustain above $0.15, $0.14 will become an important psychological support point as it coincides with the previous resistance point. A break below $0.14 could intensify selling pressure.
Finally, $0.13 is a key level of long-term support, supported by the 100-day moving average. A break below this level would indicate that TRX may be heading for a larger correction, erasing recent gains.