Tron (TRX) is seeking a rebound within a weekly sideways trend, recording $0.3338, up 0.71% over the past 24 hours.

According to a four-hour (H4) chart analysis by cryptocurrency market analyst Cavil Zevran, Tron fell to around $0.3270, sweeping its weekly low, before buying pressure flowed in rapidly and drove a strong rebound to around $0.3340. It is now undergoing a technical pullback to the $0.3302 support level.

Recovering the Upper Pivot Is the First Task for a Short-Term Bullish Turn

The weekly pivot point (PP 0.332378) currently sits above Tron's price. Based on the pivot hybrid, last week's high was $0.337120, the low was $0.330590, and the base point was $0.330900. Cavil Zevran stated that a stable recovery of this pivot level is the first task for a short-term bullish reversal.

Long (Buy) Bias Dominates... Three Key Reasons

Cavil Zevran presented an analysis that a long (buy) bias dominates Tron's future trend, citing three key reasons.

① Rapid Recovery After Liquidity Grab

As the price dropped to the $0.3270 level and dipped below the weekly low, immediate buying flowed in. This is analyzed as a typical liquidity absorption pattern.

② Higher Lows During the Correction Phase

The retest of the $0.3302 support level formed at a higher point than the previous swept low, suggesting that buyers are effectively defending the downside.

③ Presence of a Clear Upside Resistance Target

The first technical reaction zone is formed at the previous high of $0.3389. If this level is broken to the upside, the next target is set at $0.3449, the high of the most recent swing.

[This article was written for informational purposes only and does not constitute investment advice or a recommendation. Responsibility for all investment decisions lies with the investor. AI assistance was partially used.]