Sentiment: Bearish
TRXUSDT is showing concerning technical signals after a 5.93% decline over the past 24 hours. The current price of $0.2951 has broken below both the 20-day SMA ($0.3024) and 50-day SMA ($0.3107), indicating sustained selling pressure. Most notably, the RSI reading of 24.2 places TRX in deeply oversold territory, suggesting the sell-off may be overextended. While daily volume remains substantial at $180 million, the high volatility reading of 1.78% indicates continued price instability. Traders should watch for potential relief bounces from these oversold conditions, but any rallies should be approached with caution given the broken support levels. Consider waiting for RSI to recover above 30 and price to reclaim the 20-day SMA before establishing long positions. Short-term traders might find scalping opportunities on oversold bounces, but risk management remains crucial in this volatile environment.
Key Metrics
| Price | 0.2951 USDT |
| 24h Change | -5.93% |
| 24h Volume | 180613907.32 |
| RSI(14) | 24.22 |
| SMA20 / SMA50 | 0.30 / 0.31 |
| Daily Volatility | 1.78% |
TRON — 1h candles, 7D window (SMA20/SMA50, RSI).
