Sentiment: Bullish
TRXUSDT is currently trading at $0.346, showing a strong 24-hour gain of 0.698% amid elevated volatility of 1.20%. The RSI reading of 29.66 indicates the asset is deeply oversold, suggesting potential for a near-term bounce. Price is trading slightly below the 20-day SMA at $0.349 but above the 50-day SMA at $0.345, indicating mixed short-term signals. The substantial 24-hour volume of $126M suggests active institutional interest. Given the oversold conditions and positive momentum, I recommend considering long positions with tight stops below $0.342. Target resistance levels at $0.352 and $0.358 for profit-taking. Monitor Bitcoin’s movement closely as TRX tends to correlate with broader market trends.
Key Metrics
| Price | 0.3460 USDT |
| 24h Change | 0.70% |
| 24h Volume | 126646030.98 |
| RSI(14) | 29.66 |
| SMA20 / SMA50 | 0.35 / 0.35 |
| Daily Volatility | 1.20% |
TRON — 1h candles, 7D window (SMA20/SMA50, RSI).
