$TRX
- Short-term trend: There is a corrective move after testing the support area at $0.10, with the possibility of regaining the $0.12 level if the currency maintains positive momentum.
2. Key levels.
- Support.
- $0.105 (immediate support).
- $0.095 - $0.10 (historically strong support area).
- Resistance.
-$0.12 (psychological resistance).
- $0.135 - $0.14 (major upper resistance).
3. Technical indicators.
- Moving averages
- If the price exceeds the **50-day moving average (MA 50)** which is currently around $0.115, it may indicate an improvement in momentum.
- RSI (Relative Strength Index)
- RSI around 50 (neutral), indicating no current overbought or oversold conditions.
- Trading volume.
- Declining volume may indicate weak short-term interest, but any sudden increase in volume could trigger a strong move.
4. Potential scenarios.
- Bullish - A break of resistance at $0.12 with high trading volume could open the way towards $0.14.
- Bearish. A break below $0.095 could lead to a sharp decline towards $0.08.
5. External influencing factors.
- Tron network news (such as technical developments or partnerships).
- Overall cryptocurrency market movement (especially BTC and ETH).
- Changes in regulations regarding digital currencies by countries.
Conclusion
TRX needs to break one of the critical levels ($0.12 or $0.095) to clearly determine the upcoming trend. It is advisable to monitor indicators and volume while managing risk (placing stop-loss orders).