TRX/USDT – brief analysis: possible scenarios and targets!

Current price: 0.3447 USDT (-0.20% over 24h)

Volume: 318.6 million TRX / 110.2 million USDT

Trend: Sideways with a slight bearish bias

Technical signals:

EMA: 7 (0.3457) < 25 (0.3493) < 99 (0.3499) – possible consolidation, slight bearish trend

MACD: close to zero, weak bearish signal

RSI: 41 – close to oversold

Stochastic RSI: 20 / 39 – oversold signal

Key levels:

Support: 0.3388 – holding may provide a bounce

Resistance: 0.3498 – break will confirm bullish reversal

Possible scenarios:

🔴Bearish scenario (drop below 0.3388): ~60% probability

Targets: 🎯TP1: 0.334

🎯TP2: 0.328

🎯TP3: 0.320

🟢Bullish scenario (break 0.3498 and rise): ~40% probability

Targets: 🎯TP1: 0.354

🎯TP2: 0.360

🎯TP3: 0.366 USDT

Based on current indicators: EMA indicates a slight bearish bias, RSI and Stochastic RSI are close to oversold, MACD is weak. Considering the consolidation and proximity of the price to support: the main scenario right now is bearish, but a bounce is possible if support holds.

Spot trading 👉$TRX