⚡ $TRX – Losing Steam or Gearing Up? 🧐
TRX just saw a sharp drop from $0.294 to $0.287, marking a -1.98% decline in the last 24H. The chart is clearly showing distribution pressure — bulls are losing grip near the highs.
📉 What the Chart Reveals:
Recent top-out at $0.294 with multiple failed retests
Price is now hugging the lower Bollinger Band — signs of weakness
MACD crossover turning bearish, momentum fading
Immediate support lies around $0.284–$0.285 — watch this closely
🚩 Short-Term Outlook:
Unless $TRX can reclaim $0.290 with strong volume, downside risk remains. Break below $0.284 could open the gates to $0.278–$0.280.
💡 Investor Takeaway:
While TRX has been strong on higher timeframes, this pullback needs to stabilize before any bullish continuation. Ideal time to wait for confirmation, not chase.
🎯 Levels to Watch:
Resistance: $0.290 → $0.294
Support: $0.285 → $0.278
Breakdown alert: Close below $0.284 = bearish trigger
📢 Disclaimer: Not financial advice. Crypto trading involves risk — always DYOR and protect your capital.