TRON Price Analysis of March 14, 2025: TRON Fluctuates Between $0.2265 and $0.2222, Is a Breakout on the Way?

Are you tracking TRON and wondering when a clear trend will be seen in the TRON price trend? Then you are at the right place. As we go through the price analysis, we will explore different patterns and how the price trend reacted to them. We will also explore MACD and RSI with respect to the Tron price trend. As the TRON price today is consolidating, we will also determine potential resistance and support levels for TRON. Without any further delay, let’s dive into the price analysis and determine where TRON’s price today could trade.

TRON Price Analysis of the Last 24 Hours

At 04:45 UTC, the price broke out from a range to the upside, forming a spike, but the spike pulled back at the area of the range at 05:55 UTC, and the price again spiked to the upside. In the meantime, RSI showed an overbought market condition, indicating a reversal or a pullback in the price. A downward-moving trendline appeared in the price, which broke out to the upside at 09:00 UTC, spiking to the upside and forming an expanding triangle pattern. 

Chart 1: Analysed by vallijat007, published on TradingView, March 14, 2025

Based on TRON price analysis, the expanding triangle pattern marked the high of the day at $0.2266. It also created a resistance level at $0.2265, and this level proved to be critical for TRON as it was unable to break this resistance level. At 15:35 UTC, TRON broke out to the downside from the upward-moving expanding triangle pattern, further supported by a death cross in MACD. The price moved to the downside and formed a converging triangle. 

Converging Triangle Signals Potential Breakout in Price Movement

As TRON price analysis suggests, from 16:45 UTC to 17:55 UTC, RSI moved below the level of 30, indicating a reversal or at least a pullback in the price. This was also supported by a golden cross in MACD. At 18:05 UTC, the price formed a converging triangle, which broke out to the upside at 22:00 UTC, further corroborated by a golden cross in MACD. 

The price spiked to the upside and formed another converging triangle pattern in an attempt to break the resistance level. If the converging triangle breaks out to the upside, that will be a threat to the resistance level, and an uptrend could be seen. If the converging triangle breaks out to the downside, it may soon touch the support level or break the support level to create a downward trend.

TRON Consolidation Signals Impending Breakout

TRON is consolidating in the smaller timeframe and is also in a consolidation phase in the higher timeframe. A consolidation phase is the hallmark that a breakout will soon be seen in the price. For a clear trend, the TRON price today has to break its critical resistance or support level. Without breaking these levels, a clear trend cannot be seen. The consolidation phase is also evident from indicators like RSI and MACD, both meandering to their base levels. Traders and investors are encouraged to take a look at the price chart themselves, as the crypto market is subject to potential risk.

The post TRON Price Analysis of March 14, 2025: TRON Fluctuates Between $0.2265 and $0.2222, Is a Breakout on the Way? appeared first on Coinfomania.