TRON price analysis (Bullish) — 0.29 USDT (-0.62% 24h)

TRX is showing signs of potential reversal after recent weakness, trading at $0.2897 with a modest 24-hour decline of 0.62%. The technical picture reveals an oversold condition with RSI at 34.4, suggesting selling pressure may be exhausting. Current price action finds TRX trading slightly below both the 20-day SMA ($0.2910) and 50-day SMA ($0.2904), indicating short-term bearish momentum but with key support levels nearby. The 24-hour volume of $47.4 million demonstrates healthy liquidity, while volatility at 1.9% suggests relatively stable conditions. For traders, the oversold RSI combined with proximity to major moving averages presents a potential accumulation opportunity. Consider establishing long positions with tight stops below $0.2850, targeting a retest of the $0.2950 resistance level. Risk management remains crucial given the current technical weakness.