TRON price analysis (Bullish) — 0.30 USDT (+1.33% 24h)

TRX is showing strong momentum with a 1.33% gain over the past 24 hours, currently trading at $0.2977 against significant volume of $64.3 million. The RSI reading of 74.7 indicates overbought conditions, suggesting potential for a near-term pullback. Price remains above both the 20-day SMA ($0.2945) and 50-day SMA ($0.294), confirming the bullish trend structure. However, traders should exercise caution given the elevated volatility reading of 1.65%. For short-term positions, consider waiting for a dip toward the $0.294 support zone before entering. Longer-term holders might maintain positions but implement stop-losses around $0.292 to protect gains. The substantial volume indicates genuine institutional interest, though the overbought RSI warrants careful position sizing.