TRON price analysis (Bullish) — 0.30 USDT (+0.10% 24h)

TRX/USDT is showing intriguing technical signals at the current $0.2962 level. The 10.1% 24-hour surge combined with elevated volume exceeding $36 million suggests strong buying momentum, though the RSI reading of 35.7 indicates the asset remains in oversold territory despite the recent bounce. Price action is currently testing the critical 20-day SMA resistance at $0.2968, while finding support above the 50-day SMA at $0.2963. This compression between key moving averages suggests a potential breakout moment. The relatively high volatility reading of 1.5% underscores the asset’s sensitivity to market moves. Traders should watch for a confirmed break above the 20-day SMA with sustained volume, which could trigger further upside toward the $0.30 psychological level. However, failure to hold above the 50-day SMA might see a retest of recent lows. Position sizing should remain conservative given the elevated volatility environment.