bullish

Staked TRX

TRON

would

Resistance

<ul>
 <li><strong>TRON processed $2.21 trillion in stablecoin settlement during Q3, but stronger network activity has not translated into sustained TRX price gains.</strong></li>
 <li><strong>TRX trades near $0.3299, below its 50-, 100- and 200-day moving averages, which form resistance between $0.3332 and $0.3351.</strong></li>
 <li><strong>RSI at 43.05 remains below neutral, indicating weak momentum despite tentative stabilization.</strong></li>
</ul>
<p><strong><a href="https://www.globenewswire.com/news-release/2026/10/22/3386827/0/en/tron-settles-2-2t-in-q3-captures-73-of-all-stablecoin-volume-as-first-trx-etf-launches-coindesk-and-nansen.html?_gl=1*1mpg279*_up*MQ..*_ga*MTA3NzY0NTc5Mi4xNzkyNzUyNzc2*_ga_B6167QB2TF*czE3OTI3NTI3NzUkbzEkZzAkdDE3OTI3NTI3NzUkajYwJGwwJGgyMDcwNTQ5NDgw*_ga_ERWPGTJ5X8*czE3OTI3NTI3NzUkbzEkZzAkdDE3OTI3NTI3NzUkajYwJGwwJGgw" rel="noopener noreferrer nofollow">TRON’s third-quarter results</a></strong> point to expanding stablecoin activity and institutional access, but its native token is approaching a critical technical test after failing to reclaim three major moving averages.</p>
<p>TRX traded near $0.3299 on October 23, according to the <strong><a href="https://www.tradingview.com/chart/Ds9qR56x/?symbol=KRAKEN%3ATRXUSD" rel="noopener noreferrer nofollow">daily Kraken chart on TradingView</a></strong>. The token remains beneath a concentrated resistance zone while testing an ascending support line established during its July recovery.</p>
<p>The divergence follows TRON’s Q3 operating update, citing research from CoinDesk and Nansen.</p>
<p>The network reportedly processed $2.21 trillion in stablecoin settlement during the quarter, with USDT supply exceeding $92.7 billion. TRON also accounted for approximately 73% of the stablecoin volume measured in the cited research.</p>
<p>Institutional access expanded with the <strong><a href="https://ethnews.com/tron-price-analysis-trx-at-200-day-sma-a-month-after-us-etf-debut/" rel="noopener noreferrer nofollow">launch of the Canary Staked TRX ETF</a></strong> in September.</p>
<p>However, settlement volume measures activity moving through the network, not direct demand for <strong><a href="https://ethnews.com/guides/how-to-buy-tron-trx-a-practical-complete-guide-for-first-time-buyers/" rel="noopener noreferrer nofollow">TRX</a></strong>. Stablecoin transfers can generate substantial transaction value without requiring equivalent purchases of the native token, particularly when fees are supported by existing resources or delegated network capacity.</p>
<h2 id="three-moving-averages-form-resistance-above-trx">Three Moving Averages Form Resistance Above TRX</h2>
<p>The most important feature of the daily chart is the compression of three moving averages immediately above the current price.</p>
<figure style="width: 100%" class="wp-caption aligncenter"><img src="https://ethnews.com/wp-content/uploads/2026/10/TRXUSD_2026-10-23_16-49-28-2-1024x798.webp" alt="TRX/USD daily chart showing TRX at $0.3299 below its 50-, 100-, and 200-day moving averages, testing ascending trendline support near the 0.786 Fibonacci level, with RSI at 43.05." width="696" height="542">
 <figcaption>
  TRX tests ascending support below key moving averages as bullish momentum weakens. Chart by Alexander Zdravkov via TradingView.
 </figcaption>
</figure>
<p>The 50-day simple moving average stands at $0.335125, while the 100-day and 200-day averages sit at $0.333197 and $0.333247, respectively.</p>
<p>The latter two are separated by only $0.000050, indicating exceptionally tight convergence.</p>
<p>Although the 100-day average is marginally below the 200-day average, the chart does not establish when that crossover occurred. The current configuration is therefore better interpreted as concentrated resistance than evidence of a fresh bearish signal.</p>
<p>The 50-day average remains above both longer-term indicators, but TRX has slipped beneath all three.</p>
<p>A daily close above $0.3351 would represent the first meaningful improvement in the short-term structure. Until then, the moving-average cluster could continue limiting recovery attempts.</p>
<p>Price action also shows repeated failures to sustain advances above the $0.34 region during September and October, reinforcing the importance of a confirmed breakout rather than another brief intraday recovery.</p>
<h2 id="rising-support-meets-the-0-786-fibonacci-retracement">Rising Support Meets the 0.786 Fibonacci Retracement</h2>
<p>TRX is testing an ascending trendline connecting higher lows from July. The line currently approaches the $0.327–$0.328 region, placing it close to the 0.786 Fibonacci retracement near $0.3260.</p>
<p>This convergence creates a technically significant support zone.</p>
<p>The Fibonacci levels are calculated from the chart’s $0.310382 low and $0.383480 high.</p>
<div style="max-width: 720px; width: 100%; margin: 22px auto; font-family: Arial,Helvetica,sans-serif; color: #243247; box-sizing: border-box;">
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   TRX/USD Daily Technical Map
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  <div style="font-size: 18px; font-weight: 800; line-height: 1.35; color: #172b4d; margin-top: 5px;">
   Key Price Levels to Watch
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   Kraken · October 23, 2026 ·
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    Higher resistance · Fib 0.500
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    $0.3469
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    Fib 0.618
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    $0.3383
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    50 / 100 / 200-day SMA resistance
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    $0.3332–$0.3351
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    Current TRX price
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    $0.3299
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    Trendline / Fib 0.786 support
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    $0.3260–$0.3280
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<p>A sustained break below $0.3260 would weaken the sequence of higher lows and expose the $0.3104 retracement level.</p>
<p>Conversely, holding support would preserve the possibility of another attempt to reclaim the moving averages, followed by the $0.3383 Fibonacci resistance.</p>
<p>A stronger recovery would require TRX to overcome $0.3469, a level near previous August reaction highs.</p>
<p>The more distant $0.2652 Fibonacci extension remains relevant only in an extended bearish scenario.</p>
<h2 id="rsi-shows-weak-momentum-not-an-oversold-reversal">RSI Shows Weak Momentum, Not an Oversold Reversal</h2>
<p>The 14-day Relative Strength Index stands at 43.05, marginally above its RSI moving average of 42.48.</p>
<p>That narrow positive separation suggests tentative momentum stabilization, but the indicator remains below the neutral 50 threshold.</p>
<p>It is also comfortably above 30, meaning TRX has not entered conventionally oversold territory.</p>
<p>The current reading therefore offers limited evidence of an imminent bullish reversal.</p>
<p>A move above RSI 50 alongside a confirmed recovery through the moving-average cluster would strengthen the bullish case. A renewed RSI decline while price breaks trendline support would instead reinforce the bearish scenario.</p>
<p>The October 23 daily candle was still forming at the chart’s 13:49 UTC timestamp, making closing-price confirmation particularly important.</p>
<p>TRON’s Q3 performance establishes strong underlying network activity, but the immediate TRX outlook depends on whether the $0.3260 support area holds. A confirmed break would shift attention toward $0.3104, while reclaiming $0.3351 would be the first sign that buyers are regaining control.</p>
<p>The post <a href="https://ethnews.com/trons-2-2t-quarter-fails-to-lift-trx-above-key-resistance/" rel="noopener noreferrer nofollow">TRON’s $2.2T Quarter Fails to Lift TRX Above Key Resistance</a> appeared first on <a href="https://ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.</p>

TRON’s $2.2T Quarter Fails to Lift TRX Above Key Resistance

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