📉 TRX/USDT – Technical Analysis (1H)
Current price: 0.2876
Variation: +1.52%
🔍 1. Moving Averages (MA):
• MA(7): 0.2878
• MA(25): 0.2870
• MA(99): 0.2815
➡️ Interpretation:
The price is ranging between the MA(7) and the MA(25). The underlying trend is still bullish (price well above the MA99), but the imminent crossover of the short averages indicates a loss of momentum or the beginning of a correction after the recent rally.
📊 2. RSI (Relative Strength Index):
• RSI(6): 49.90
• RSI(12): 58.38
• RSI(24): 63.81
➡️ Interpretation:
The RSI(6) has dropped drastically to the neutral zone (50), coming from much higher levels. This shows a rapid cooling of buying pressure, suggesting that the asset needs a new base before rising.
🔊 3. Volume:
• Decreasing volume in the last candles after the peak at 0.2891.
➡️ Interpretation:
The recent drop occurred with moderate volume, which may indicate only a healthy profit-taking, and not necessarily a reversal of the major trend.
🧱 4. Supports and Resistances:
• Immediate support: 0.2870 (MA25)
• Immediate resistance: 0.2891 (Recent high)
• Critical zone: 0.2832 (Daily low)
⚠️ Technical Conclusion:
🔻 Trend: Consolidation with a bias towards correction.
The TRX has encountered strong resistance at 0.2891. The current candle shows indecision. If it loses the MA25 (0.2870), the price may seek lower supports to test the strength of the main trend.
✅ Likely Scenarios:
📈 Up: Resumption above 0.2880 with volume to retest the peak at 0.2891.
📉 Correction: Drop to the region of 0.2854 if the MA25 does not hold the price.
