💡 Quick Technical Analysis:
✅ Current Price:
At the level of 0.2706, where the price shows stability after a slight decline of 1.02% in the last 24 hours.
✅ General Trend:
The price is testing a resistance area at 0.2736, and with a breakout of this area, we might see a possibility of rising towards 0.2801, which is a previously strong resistance level.
✅ Technical Indicators:
RSI (Relative Strength Index) at 48.82, indicating that the market is not in an overbought condition yet, providing room for more movement.
MACD shows a positive crossover between the DIF and DEA lines, indicating bullish momentum on the horizon.
KDJ at 54.49, with a positive crossover between the K and J lines, reinforcing our bullish outlook.
🚀 Expected Scenario:
Breakout: If TRX can surpass 0.2736 and stabilize above it, we might see an increase towards the level of 0.2801 soon.
Support: If the market faces downward pressure, the area around 0.2608 could be strong buying support.
🔥 Is TRX ready to explode?
TRX's movement during this period is exciting, especially with news about the development of the Tron network and its relation to the US dollar. Keep an eye on ongoing market developments and don't hesitate to make strategic decisions!
📢 Share your opinion! Do you expect TRX to rise to 0.2801? 🚀👇