The price of $TRX has decreased by 4.982% in the last 24 hours, testing support at 0.01585.
Currently, it trades near the lower Bollinger Band at 0.015606, suggesting potential for a rebound or overselling.
Resistance is observed at 0.01706, while the market sentiment remains undefined, indicating uncertainty.
Volatility appears to be contracting, which may lead to tighter price action in the short term.
For risk management, consider placing a stop-loss just below 0.01585.
Recommended action: wait for confirmation of support before making any trades.
