Sentiment: Bearish
TRX is showing signs of technical weakness as it trades at $0.3156, down 0.76% over the past 24 hours. The current price sits below both the 20-day SMA ($0.3159) and 50-day SMA ($0.3219), indicating near-term bearish momentum. With an RSI reading of 37.1, TRX is approaching oversold territory but hasn’t yet reached the traditional 30-level threshold that typically signals a potential reversal. The 24-hour trading volume of $100.7 million suggests moderate market participation, while volatility remains elevated at 1.59%. Traders should watch for a potential bounce from oversold conditions, but until TRX reclaims the 20-day SMA, the path of least resistance appears downward. Consider waiting for RSI to dip below 30 or for a confirmed break above $0.316 before establishing new long positions. Short-term traders might find selling opportunities on any rallies toward the $0.320 resistance level.
Key Metrics
| Price | 0.3156 USDT |
| 24h Change | -0.76% |
| 24h Volume | 100687416.07 |
| RSI(14) | 37.11 |
| SMA20 / SMA50 | 0.32 / 0.32 |
| Daily Volatility | 1.59% |
TRON — 1h candles, 7D window (SMA20/SMA50, RSI).
