TRON price analysis (Bullish) — 0.35 USDT (+0.41% 24h)

TRXUSDT is showing strong momentum with a 0.405% gain over the past 24 hours, trading at $0.3474. The RSI reading of 74.07 indicates overbought conditions, suggesting potential for a short-term pullback. Volume remains robust at over $94 million, indicating sustained interest. The price is currently trading above both the 20-day SMA ($0.3453) and 50-day SMA ($0.3470), maintaining bullish positioning. However, the elevated volatility at 1.19% suggests traders should exercise caution. My advice would be to consider taking partial profits here and wait for a retracement toward the $0.345 support level before adding more positions. Use tight stop-losses if entering new long positions at current levels.