TRON (TRX) on the verge of correction? Here are the danger signals crypto traders need to pay attention to!

Jakarta, Pintu News – TRON (TRX), one of the major blockchain projects in the cryptocurrency space, is currently facing price direction uncertainty after failing to sustain gains above key resistance levels. Despite touching the highest price in the last five months, selling pressure is starting to dominate and increases the risk of a price correction in the near future.

Consolidation at the Top of the Price Range

Over the past ten days, TRX has twice managed to close the daily trading session above the level of $0.274 or around Rp4,466 (assuming $1 = Rp16,300). However, both times the price actually corrected back to the $0.266 support area (IDR4,336), indicating a weak buying impulse at that high level.

Currently, TRX price is still consolidating in the range of $0.27-$0.275 (Rp4,401-Rp4,483). This consolidation shows an imbalance between buying and selling pressure. Although there has been no strong rejection of the resistance, there has also not been a significant breakout. This puts TRX in a critical zone that could change direction quickly depending on market conditions.

Also Read: Pi Network (PI) Token is Ready to Flood! What Happens If the Price Falls Below IDR6,500?

Spot Selling Pressure Increases, Signal of Trend Reversal?

Data from the Spot Taker Trading Volume indicator reveals that seller dominance (Taker Sell Dominant) has started to take shape in the last 10 days. This indicator measures the cumulative difference between buy and sell volumes in the spot market over a 90-day period. In early May, buyer dominance was strong, but has now begun to be displaced by sellers.

The liquidation heatmap chart for the past month shows a concentration of liquidity around $0.255 (IDR4,157) and $0.24 (IDR3,912). This means that it is likely that the price will move to these areas in search of new liquidity. On the other hand, the $0.282 (IDR4,599) area also has the potential for liquidation of short positions which could be a short-term target if there is a buying spike.

What Should TRX Traders Look Out for?

The OBV (On-Balance Volume) shows that although the price rallied, the volume did not support the rally consistently. The OBV tends to stagnate, in line with the price movement which also has no definite direction. This reinforces the indication that the strength of the current trend is not enough to take the price further up.

For crypto traders considering short-term positions, it is important to watch out for false breakout signals above $0.274 (IDR4,466). Meanwhile, the $0.255 (€4,157) area could be an attractive zone for short-term buying if there is a positive price reaction. But, if Bitcoin (BTC) breaks the important demand zone below $102,000, the entire crypto market could be shaken up and add pressure to TRX.

Conclusion

With technical indicators starting to show sellers’ dominance and no confirmation of a breakout from major resistance, TRON (TRX) is now in a position to be vulnerable to a correction. Cryptocurrency traders and investors are advised to exercise caution and not make decisions based on short-term speculation alone, but rather based on clear analysis and market data.

Also Read: XRP is in Freefall! Is This a Sign of a Big Storm in the Crypto World?

That’s the latest information about crypto. Follow us on Google News for the latest crypto and blockchain technology updates. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• AMBCrypto. TRON: Bearish reversal ahead?– What TRX traders should watch next. Accessed June 3, 2025.
• Featured Image: Bitcoin News