$TRX 🔥 After the drop: is it ready for a rebound?
$TRX Currently trading around $0.3141 after a sharp dump from a peak of $0.3323. The day's low is $0.2977, and from this zone, the price made a technical rebound.
📊 What do the indicators show?
MA(7) ($0.3126) has leveled out and holds local support.
MA(25) and MA(99) ($0.3193 and $0.3277) remain above, acting as resistance levels.
RSI ~49 — neutral zone, with no overbought or oversold conditions.
Volumes have noticeably decreased after the dump → the market is calming down.
📌 Key levels for $TRX today:
Support: $0.3050 – $0.2977
Resistance: $0.3190 – $0.3270
✅ Forecast: if TRX holds above $0.3100, a slow rise towards $0.3190 can be expected. However, a break below $0.3050 will open the way for a retest of $0.2970.
⚡ Today, the market leans towards consolidation with a chance for a technical uptrend, but the overall sentiment remains cautious.
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