TRON price analysis (Neutral) — 0.35 USDT (+2.88% 24h)

TRXUSDT is showing strong momentum with a 2.88% gain over the past 24 hours, trading at $0.3469. The RSI reading of 93.6 indicates severe overbought conditions, suggesting a potential pullback may be imminent. Volume remains robust at over $103 million, supporting the current price action. Both the 20-day SMA at $0.3418 and 50-day SMA at $0.3384 are acting as support levels, with price currently trading above these key moving averages. The elevated volatility of 2.82% suggests traders should exercise caution with position sizing. Given the extreme RSI levels, I recommend taking partial profits on long positions and waiting for a retracement toward the $0.340-0.342 support zone before considering new entries. Implement tight stop-losses for any remaining long exposure.