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TRON ($TRX):
TRON has shown strength recently, breaking above the key $0.25 level and giving a daily close above it. The price extended to $0.259 before facing rejection and is now trading around $0.2522. This level marks the top of the multi-week consolidation range, and the rejection candle suggests potential for a short-term pullback unless $TRX can hold above $0.25 and confirm continuation.
Key levels
- Immediate resistance: $0.259 - $0.262
- Short-term target on breakout: $0.262 - $0.2741
- Major resistance: $0.30 (psychological + previous cycle high)
- Support zone: $0.243 - $0.25 (must hold to avoid range breakdown)
- Range base support: $0.2249
Potential scenarios
- Bullish continuation: If TRX holds $0.243-$0.25, consolidates, and breaks $0.262 cleanly, a move toward $0.2741 is on the table. This would suggest strength and continued trend expansion within the current structure.
- Range re-entry: A break below $0.243 puts TRX back into its prior consolidation range between $0.2249 - $0.25, increasing the chances of another chop phase. Losing this zone would shift bias back to neutral.
Cryptonary's take
Tron continues to outperform and is technically strong, but the rejection near $0.259 must be watched closely. If it holds above $0.25, it may just be another healthy consolidation before a breakout toward $0.2741. However, any loss of the $0.243 level flips the bias back to range-bound chop. We'll wait for either a clean breakout or a dip into support to find the next trade-worthy setup.
Jupiter ($JUP):
Jupiter is attempting a breakout from a downtrend trendline it's been trapped under since January. The price is currently trading at around $0.38, but the previous lower high has not yet been cleared at $0.41, which makes this a key inflection point. The recent move may act as a trendline retest, and whether Jupiter holds here or pulls back further will shape the next direction.
Key levels
- Immediate resistance: $0.41 (previous swing high)
- Short-term resistance: $0.4281
- Daily demand reclaim zone: $0.47-$0.63 (broken demand zone)
- Retest support: $0.333-$0.34
- Major support: $0.30 (previous low)
- Below $0.30: Thin liquidity zone, potential for rapid downside
Scenarios to watch
- Bullish breakout continuation: Jupiter holds current levels and breaks $0.41, this would confirm a short-term structure shift, with targets at $0.4281, followed by a reclaim of the daily demand zone ($0.47-$0.63). Momentum confirmation is required, ideally with BTC support.
- Retest before breakout: pullback toward $0.333-$0.34 would act as a trendline retest zone. If this area holds, it offers a fresh entry for a bullish continuation setup targeting $0.41+.
- Bearish breakdown: The $0.333 support fails, and the price could revisit $0.30. A breakdown below $0.30 opens a liquidity void, where downside could accelerate quickly.
Cryptonary's take
Jupiter is showing some signs of life with this breakout attempt, but $0.41 remains the gatekeeper. A clean reclaim above that confirms strength. Until then, we remain cautiously optimistic, watching the retest area at $0.333-$0.34 as a key support. This is a developing setup with real potential if the market cooperates.