Sentiment: Neutral
TRX is showing strong momentum with a 2.9% gain over the past 24 hours, currently trading at $0.3226. The technical picture reveals both opportunity and caution – while the price remains above both the 20-day SMA ($0.32049) and 50-day SMA ($0.316556), the RSI reading of 79 indicates severely overbought conditions. Volume remains robust at $76 million, suggesting sustained interest, but the elevated volatility at 2.02% signals potential for sharp moves. Traders should consider taking partial profits at current levels given the extreme RSI, while maintaining core positions for the ongoing uptrend. A pullback toward the $0.318-0.320 support zone could present better entry opportunities for those looking to add exposure. Stop losses below $0.315 would be prudent given the stretched technicals.
Key Metrics
Price | 0.3226 USDT |
24h Change | 2.90% |
24h Volume | 76265941.38 |
RSI(14) | 79.03 |
SMA20 / SMA50 | 0.32 / 0.32 |
Daily Volatility | 2.02% |
TRON — 1h candles, 7D window (SMA20/SMA50, RSI).