TRON price analysis (Bullish) — 0.30 USDT (+0.14% 24h)

TRX is showing robust momentum with a 13.5% surge over the past 24 hours, pushing the price to $0.2959 against significant volume of $55.7 million. The RSI reading of 65 indicates growing bullish pressure while remaining just below overbought territory, suggesting room for further upside. Critically, TRX has reclaimed its 20-day SMA ($0.2958) and maintains position above the 50-day SMA ($0.2946), confirming the near-term bullish structure. The moderate volatility of 1.55% provides reasonable trading conditions without excessive risk. For traders, consider entering long positions on pullbacks toward the $0.294-0.295 support zone with targets at $0.305-0.310. Maintain stop-losses below $0.292 to protect against sudden reversals. The volume-backed breakout suggests institutional interest may be building, though monitor RSI levels closely for potential overextension above 70.