$TRX
TRX, or TRON, is currently trading at $0.2704 with a 3.02% increase in the last 24 hours. Here's a detailed technical analysis:
*Key Statistics:*
- *Market Cap:* $25.66 billion
- *24-hour Trading Volume:* $1.12 billion
- *Circulating Supply:* 94.9 billion TRX tokens
- *Total Supply:* No maximum supply limit
*Technical Analysis:*
The TRX/USD technical analysis indicates a strong buy signal based on the 1-day chart. Here's a breakdown ¹:
- *Moving Averages:* 13 indicators suggest buying, while none suggest selling
- *Oscillators:* 4 indicators suggest buying, 3 suggest selling, and 3 are neutral
*Indicators:*
- *RSI (14):* 66.79, neutral
- *MACD (12, 26):* 0.004871, buy signal
- *ADX (14):* 26.64, buy signal
- *Williams %R:* -13.1295, sell signal
*Trading Signal:*
Based on the analysis, the overall trading signal for TRX is *Strong Buy*. However, it's essential to consider multiple perspectives and adjust your strategy according to your risk tolerance.
*Support and Resistance Levels:*
- *Support Levels:* $0.2561 (S2), $0.2522 (S3)
- *Resistance Levels:* $0.2688 (R1), $0.2726 (R2)
Keep an eye on these levels to make informed trading decisions ¹.$TRX
