TRON price analysis (Neutral) — 0.31 USDT (+0.61% 24h)

TRX is showing consolidation around the $0.3135 level with modest 0.61% gains over the past 24 hours. The current price sits just below the 20-day SMA at $0.31368 but remains above the 50-day SMA at $0.31146, indicating near-term resistance but maintaining medium-term support. The RSI reading of 44.87 suggests the asset is approaching oversold territory but hasn’t yet reached extreme levels, leaving room for potential upward momentum. Trading volume of $42.1 million demonstrates healthy market participation, while volatility remains moderate at just over 2%. For traders, the key levels to watch are the 20-day SMA resistance above and the 50-day SMA support below. A decisive break above $0.314 could signal renewed bullish momentum, while failure to hold $0.311 might trigger further downside. Given the current technical setup, consider scaling into positions on dips toward the 50-day SMA with tight stop losses.