TRON (TRX) Price Prediction for August 10, 2025: TRX Consolidates Below $0.34 After Strong July Rally
Main Idea
TRON (TRX) price is consolidating below $0.34 after a strong rally, with technical indicators suggesting short-term range formation and potential breakout or pullback scenarios.
Key Points
1. TRON price is consolidating below $0.34 after a rally from late June’s $0.27 base, with resistance forming at $0.349–$0.352.
2. Spot netflow data from August 9 shows $2.95M in outflows, indicating capital rotation from exchanges into self-custody, which is typically bullish for medium-term positioning.
3. Short-term technical indicators like RSI (46.9), MACD, and VWAP show waning buying pressure, suggesting a slowdown in momentum.
4. Key support levels are identified at $0.312–$0.315 and $0.272–$0.277, while resistance levels are at $0.349–$0.352 and $0.365.
5. A breakout above $0.3416 could lead to a retest of $0.349–$0.352, while a drop below $0.333 risks a pullback to $0.329 or lower.
Description
After a strong rally from late June’s $0.27 base, TRON price is consolidating just below the $0.34 level, where resistance has formed following repeated intraday rejections. The move comes after TRX cleared multiple higher-timeframe breakout levels in July, supported by a bullish trend structure and rising spot demand. However, short-term technicals show early signs of cooling momentum. What’s Happening With TRON’s Price? TRX price dynamics (Source: TradingView) On the daily chart, TRON price to...
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