TRX Daily Analysis — Double Top at $0.3502: Neckline Broke, $0.322 Is the Measured Move

The Setup

TRON printed a textbook double top in August: $0.3502 on Aug 22, $0.3467 on Aug 25, with the $0.3360 neckline holding three touches on Aug 26, Aug 27 and Aug 30. Today's close at $0.3317 breaks that shelf — the first daily close below it since the July base. The controlling supply sits higher at the May 26 swing high ($0.3775), and every rally since has printed a lower high.

The breakdown puts the double-top measured move in play: peak $0.3502 minus neckline $0.3360 = $0.0142, targeting $0.3218 at the July 17 swing low ($0.3217). That is a real confluence — the arithmetic lands on an actual prior low, not a round number.

The Levels

Resistance: $0.3360 (broken neckline, now supply), $0.3423 (Aug 28 lower high / descending line), $0.3467-$0.3502 (double-top peaks). Support: $0.3286 (Aug 17 low), $0.3254-$0.3258 (Aug 3 low + 0.618 retracement), $0.3217 (measured move + Jul 17 low), $0.3108 (June floor).

Scenarios

BEAR (higher probability): a break of $0.3286 opens the path to $0.3254-$0.3258, then the $0.322 measured-move zone. A push through $0.3217 targets the June floor $0.3108-$0.3144. The structure only resets on a daily close back above $0.3360.

BULL: a reclaim of $0.3360 turns the shelf back into support, then $0.3423 must fall before the $0.3467/$0.3502 retest. A daily close above $0.3502 cancels the double top entirely and puts the May high back in play — until then, bounces are countertrend.

The neckline held three times and broke on the fourth — the seller stepped in at the same spot every single touch. Until $0.3360 is reclaimed, this chart favors shorts targeting the $0.322 confluence.

Bottom Line

TRX is at a decision point: the double top argues for $0.322, and the 0.618 retracement at $0.3258 stacks right under current price. Watch $0.3286 as the first tripwire — a clean break there accelerates the measured move.

Live data: TRX on Binance · TRX on CoinGecko · TRX chart on TradingView