$TRX /USDT 15M Analysis – Price Rejected from Resistance
Current Price: $0.2431
24h High: $0.2475
24h Low: $0.2421
Volume: 345M TRX
The 15-minute chart of TRX/USDT shows a clear rejection at the $0.2439 - $0.2443 zone, which aligns with previous resistance levels. After a solid bullish push from the local low at $0.2421, the price formed a strong green candle, followed by a sharp bearish candle, signaling selling pressure at higher levels.
Key Observations:
Support Zone: $0.2420 - $0.2425
Resistance Zone: $0.2439 - $0.2444
RSI (6): 42.86 – Slightly bearish but not oversold.
The RSI shows a recent sharp spike and quick drop, suggesting a short-term bull trap or fakeout.
Moving averages (MA5 and MA10) indicate that price may attempt to consolidate unless stronger momentum picks a direction.
Conclusion:
TRX is showing signs of short-term weakness after testing a local resistance. A break below $0.2420 could bring further downside toward $0.2400. Bulls need to reclaim $0.2445 with strong volume to continue upward momentum.
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