Sentiment: Bullish
TRXUSDT is showing moderate strength with the price at $0.3436, up 0.59% over the last 24 hours. The RSI at 64.35 indicates bullish momentum but is approaching overbought territory, suggesting caution for immediate entries. Volume is healthy at nearly $120 million, supporting the current price action. The price is trading just above the 20-day SMA ($0.3421) and slightly below the 50-day SMA ($0.3426), indicating a potential consolidation phase. Volatility remains manageable at 1.16%, typical for TRX. Traders might consider waiting for a pullback toward the $0.340 support level for better risk-reward long entries, with a stop below $0.338. Resistance is likely around $0.347–$0.350. Keep an eye on broader market sentiment, as altcoins like TRX often correlate with Bitcoin’s movements.
Key Metrics
| Price | 0.3436 USDT |
| 24h Change | 0.58% |
| 24h Volume | 119555485.58 |
| RSI(14) | 64.35 |
| SMA20 / SMA50 | 0.34 / 0.34 |
| Daily Volatility | 1.16% |
TRON — 1h candles, 7D window (SMA20/SMA50, RSI).
