$TRX /USDT total technical analysis

The 1-hour candlestick chart for TRX/USDT shows a recent sharp decline from a peak of 0.16678 to the current level of 0.15510.

The Bollinger Bands indicate increased volatility, with the price recently breaking below the middle band. The Moving Average (MA) lines suggest a recent downward crossover, indicating potential bearish momentum.

The Relative Strength Index (RSI) has dropped to around 50.37, suggesting the momentum has weakened, but it's not yet oversold.

Volume has increased during the decline, which is often a bearish sign as it confirms selling pressure. The MACD is in a slight negative crossover, adding to the bearish sentiment.

Overall, the trend is showing signs of a short-term bearish continuation unless there’s a reversal signal near the current support level.