$TRX has been consolidating around $0.24 on the 4H timeframe, reflecting a period of indecision after recent volatility. Here's a general overview:
- Price Range: Trading between $0.235- 0.250 with both buyers and sellers in balance.
- Support zone: $0.235 - $0.240
- Resistance level: $0.250- $0.255
- Market Sentiment: Largely neutral as volume cools off; on-chain transfers to exchanges suggest more short-term profit-taking
Better watch for a decisive break above $0.250 to signal renewed upside, or a slide below $0.235 to confirm further consolidation