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Will coin $TRX regain its bullish momentum? 🚀
{future}(TRXUSDT)
The chart shown #TRXUSDT on the 30-minute timeframe shows TRX movement; the price is currently trying to catch its breath and consolidate after the recent downtrend, approaching key technical areas.
Here's the technical read on the current scene:
Price Action: The price is trading at $0.3215, struggling to break through the moving averages that are still weighing on it from above, making the recovery of momentum clearly dependent on its ability to hold and surpass the upcoming levels.
Pivot Point (PP): Located at $0.3233, this area represents the most significant challenge right now; if the price manages to stabilize above it, this could open the door for improved technical performance.
Resistance Levels: Should the pivot point be breached, bullish targets are set at $0.3270, then $0.3296, up to $0.3326 and $0.3358.
Support Levels: The protective zones at $0.3200 and $0.3183 remain the foundation for buyers to try to maintain the current balance.
In your opinion, does TRX have the energy needed to break the pivot point (PP) and continue its ascent, or are we facing a stop before continuing the pressure? 🧐
#TRX #Tron #Crypto #Aymonacci