Sentiment: Bullish
TRXUSDT is showing signs of potential reversal after recent selling pressure, currently trading at $0.2967 with a modest 1.5% decline over the past 24 hours. The technical picture reveals an oversold condition with RSI sitting at 30.59, suggesting the asset may be due for a bounce. Trading volume remains healthy at $75 million, indicating continued market interest despite the price weakness. The current price sits just below both the 20-day SMA ($0.2986) and 50-day SMA ($0.2992), creating a critical resistance zone overhead. Volatility remains elevated at 1.87%, typical for crypto assets but suggesting traders should position size accordingly. For active traders, consider scaling into long positions near current levels with tight stops below $0.292, targeting a move back toward the $0.302 resistance area. The oversold RSI combined with strong volume support suggests the downside may be limited from here.
Key Metrics
| Price | 0.2967 USDT |
| 24h Change | -1.49% |
| 24h Volume | 75077350.03 |
| RSI(14) | 30.59 |
| SMA20 / SMA50 | 0.30 / 0.30 |
| Daily Volatility | 1.87% |
TRON — 1h candles, 7D window (SMA20/SMA50, RSI).
