$TRX is showing a short recovery off the lows
Current Price Action
Price: $TRX
Short-term MAs:
7-hour MA: ~0.2748
25-hour MA: ~0.2730
Price is above both, signaling a short-term recovery attempt.
Longer-term MA:
99-hour MA: ~0.2766
Price is just below, indicating longer-term resistance is still in play.
Interpretation: Mixed-to-cautiously bullish. Short-term strength is visible, but the longer-term trend needs confirmation.
Resistance Levels
Immediate: 0.2766–0.279 (99-hour MA zone)
Next targets: 0.28–0.286 (prior swing high ~0.2868)
Bullish Case: A clean break above ~0.2766–0.279 with volume follow-through would likely open the way to the 0.28–0.286 range.
Support Levels
Near-term support: 0.274–0.272
Stronger swing support: 0.2706
Bearish Case: A drop below 0.274–0.272 could invite further selling toward 0.2706. Staying above this swing low is key for maintaining bullish credibility.
