Sentiment: Neutral
TRXUSDT is currently trading at $0.3359, down nearly 3% in the last 24 hours. The RSI reading of 16.94 is deeply oversold, suggesting potential for a short-term bounce. Volume remains healthy at over $144 million, indicating continued interest despite the dip. Price is trading below both the 20-day SMA ($0.3416) and 50-day SMA ($0.3445), confirming the bearish near-term structure. However, the extreme oversold conditions combined with elevated volatility of 1.23% present potential reversal opportunities. Traders might consider scaling into long positions here with tight stops below $0.3300, targeting a retest of the 20-day SMA. Risk management is crucial given the current downtrend – position sizes should be conservative until we see confirmation of support holding.
Key Metrics
| Price | 0.3359 USDT |
| 24h Change | -2.92% |
| 24h Volume | 144213034.80 |
| RSI(14) | 16.94 |
| SMA20 / SMA50 | 0.34 / 0.34 |
| Daily Volatility | 1.23% |
TRON — 1h candles, 7D window (SMA20/SMA50, RSI).
