🛠️ Technical Analysis:$TRX
The trend is sideways/corrective within the range of $0.25 – $0.30 (previously between $0.22 – $0.26).
Key resistance at $0.295–$0.296 — breaking it firmly may push the price towards $0.30 – $0.32 – $0.35.
Support at $0.28, with a strong zone in the range of $0.24 – $0.26.
Technical indicators:
RSI close to 65 (below the overbought area), showing continued positive momentum.
MACD is positive, and derivatives indicate the continuation of the upward trend but potential volatility should be monitored.
The market shows upward momentum on medium timeframes, with indicators remaining above the fast and slow moving averages (7, 20, 50, 200 SMA).