Technical analysis of TRX

The TRX currency recorded a price of 0.2435 USDT today, reflecting the continuation of the upward trend in the short term. The price is trading above the 50-day moving average, which supports the positive outlook. If the resistance at 0.25 is broken, we may see a rise towards 0.27 and then 0.30. However, in the event of a drop, the level of 0.23 represents a strong support that should be monitored. The RSI and MACD indicators currently support the upward momentum. Traders are advised to be cautious of market volatility while setting the stop-loss below 0.22. The overall trend remains positive as long as the price stays above the support.