3-Day Frame Analysis TRX/USDT
Is TRON preparing for a new launch?
TRON is currently trading at $0.242 with a slight decline of -%, while the chart on the 3-day time frame shows a state of sideways consolidation after a strong upward wave.
Chart Reading:
A sharp peak at $0.45 followed by clear profit-taking that brought the price back to strong support areas.
The price is currently stable around $0.246, which is close to the current average price (AVL 0.2465).
Technical Indicators:
RSI (6): is at 55.10, indicating relative neutrality, but it leans slightly in favor of buyers.
MACD: is currently crossing horizontally above the zero line slightly (MACD: 0.0009), indicating a lack of strong momentum at the moment, but without sharp negative signals.
Price Behavior:
A narrow range of fluctuation reflecting a consolidation phase, which often precedes a significant upcoming move.
The nearest support is at levels $0.235 – $0.225, and the most important resistance currently is at $0.27 – $0.29.
Conclusion:
The currency $TRX is going through a period of relative calm, and with a clear price base forming, it may be poised for a strong move soon. Careful monitoring is important now, with attention to breaking or penetrating the current sideways range.
