TRON price analysis (Bullish) — 0.29 USDT (+1.52% 24h)

TRX is showing moderate strength with a 1.52% gain over the past 24 hours, currently trading at $0.2941. The price sits comfortably above both the 20-day SMA ($0.2919) and 50-day SMA ($0.2914), indicating underlying bullish momentum. However, caution is warranted as the RSI reading of 69 approaches overbought territory, suggesting potential near-term consolidation. Trading volume of $72.2 million remains healthy, supporting the current price action. The 1.87% volatility reading indicates relatively stable conditions for TRX compared to typical crypto assets. Traders might consider taking partial profits near the $0.295-0.298 resistance zone, with support expected around the $0.291 level. Position sizing should remain conservative given the elevated RSI, and stop-losses below $0.288 could protect against sudden reversals. The overall technical picture suggests continued upward potential, but patience for better entry points may be rewarded.