Tron (TRX) Technical Analysis on October 16, 2025: Consolidation or Imminent Surge?
On October 16, 2025, TRX trades around $0.318, down 0.79% slightly. Key supports at $0.31 and $0.30, resistances at $0.34 and $0.35 stand out. RSI around 50 neutral, MACD bearish signals, yet descending triangle pattern hints at upside breakout potential. Volume near $1 billion sustains consolidation. Forecasts eye $0.37 by October's end. This piece breaks down data and strategies.