$TRX 🩺 TRX/USDT – Doctor’s Technical Analysis (20 April 2025, 2:55 PM IST)

Current Price: $0.2430 USDT

24h Change: +0.51%

24h High: $0.2451

24h Low: $0.2408

Volume: Approximately $462 million

📊 Key Technical Indicators

Relative Strength Index (RSI): 50.87

Interpretation: Neutral momentum; neither overbought nor oversold.​

Moving Averages:

50-Day SMA: $0.2335

200-Day SMA: $0.2048

Interpretation: The 50-day SMA is above the 200-day SMA, indicating a bullish trend. ​

MACD (Moving Average Convergence Divergence): Neutral

Interpretation: Lack of strong momentum in either direction.

📉 Support & Resistance Levels

Support Levels:

$0.2400

$0.2335​

Resistance Levels:

$0.2450

$0.2500​

📈 Chart Pattern

Sideways Channel: TRX is trading within a narrow range, indicating consolidation. A breakout above resistance or below support could signal the next directional move.

💡 Buy/Sell Recommendation

Short-Term: Neutral. Traders may wait for a breakout above $0.2450 for potential long positions or below $0.2400 for short positions.

Long-Term: Bullish. The 50-day SMA above the 200-day SMA suggests a positive long-term trend.

✅ Summary Verdict

Short-Term Outlook: Neutral; awaiting breakout confirmation.

Long-Term Trend: Bullish; upward momentum intact.

Recommendation: Monitor for breakout signals; consider long positions on confirmed upward movement.​