📊 TRX/USDT Technical Analysis – April 19, 2025
As of April 19, 2025, TRON (TRX) is trading at approximately $0.2432 USDT, reflecting a slight decrease of 0.00008% from the previous close.
Key Technical Indicators:
Relative Strength Index (RSI): The RSI has recently surged from 55 to 72 within a short period, indicating overbought conditions and suggesting a potential for a short-term pullback.
MACD: The MACD values over 4 hours, 1 day, and 7 days are 0.00029, 0.0015, and 0.0082 respectively, indicating a positive momentum and an upward trend.
Support Levels: $0.238
Resistance Levels: $0.242
Analysis:
TRX has recently recovered from a 7.5% correction, rebounding from $0.221 on April 7th to reach $0.243 by April 10th. A clear double-bottom pattern formed around the $0.226–$0.227 support zone, with significantly increased volume during the recovery phase. The 48-hour analysis shows a decisive uptrend with higher lows and higher highs, establishing strong support at $0.238 and resistance at $0.242.
Trading Recommendation:
Short-Term Traders: Monitor the $0.238 support level closely. A break below this level could indicate a potential short-term decline.
Swing Traders: A sustained move above the $0.242 resistance level may signal continued upward momentum.
