TRON's TRX Price Predicted to Pull Back to $0.34 Before Breakout

TRX has reached $0.35 with a modest 1.86% gain on the day, but the chart shows signs of exhaustion rather than strength.

The Relative Strength Index (RSI) is deep in overbought territory, and momentum has flatlined into a complete stall according to the Moving Average Convergence Divergence (MACD).

Taker sell volume is running at nearly 1.4x taker buy volume, indicating aggressive market participants are net sellers at these prices.

Price is sitting on top of what should now be immediate support at $0.34, which is also where the EMA 12 and SMA 7 converge.

The smart trade is waiting for a pullback to $0.34 before any breakout attempt, rather than chasing the current price.