In early June, the price of TRX rose from $0.24 to $0.29, but then it couldn't break through the $0.295–$0.300 resistance area.
The red candle on June 12 formed a bearish engulfing pattern, which suggested the trend was changing. Now, the price is testing the 50-day SMA around $0.266, which is an important level of support.
For several weeks, the price of Tron had been above its 20-day and 50-day moving averages, which showed that it was moving upward.But after falling below the 20-day SMA ($0.2758), the feeling about the price has clearly changed.
If TRX closes below the 50-day SMA, it might drop to around $0.250 soon. But, if buyers can hold the price at $0.265 and push it back up to $0.280 in the next few days, the upward trend might continue. The RSI on the daily chart has fallen, but it's still not in the oversold area, which means that buyers still have a chance to recover.