$TRX Struggling to Reclaim Momentum: Bounce or Breakdown?
TRX is currently trading at $0.2457, showing slight weakness with a -0.24% dip on the day. Price is stuck in a tight range after a recent drop, and while bids are building up, sellers are still dominant (53.47% ask strength).
Key Levels to Watch
• Resistance:
$0.2465 – Immediate resistance
$0.2475 – Short-term breakout level
$0.2495 – 24H high and upper resistance zone
• Support:
$0.2440 – Key local support
$0.2430 – Breakdown trigger
$0.2400 – Stronger support from previous base
Trade Setup – Watch for Directional Trigger
• Bullish Entry:
A breakout above $0.2465 could shift momentum upward.
Target 1: $0.2475
Target 2: $0.2495
• Bearish Entry:
A drop below $0.2440 could lead to a deeper pullback.
Target 1: $0.2430
Target 2: $0.2400
Stop-Loss Tip:
Tight stops are recommended due to low volatility range—ideal just outside support/resistance.
TRX is at a crossroads—wait for a clear signal before taking action.