$TRX /USDT Price Update: Bears Testing Support

๐Ÿ“Š Current Price: $0.2426 (-0.86%)

๐Ÿ”ผ 24H High: $0.2459

๐Ÿ”ฝ 24H Low: $0.2367

๐Ÿ“ˆ 24H Volume (TRX): 809.56M

๐Ÿ’ต 24H Volume (USDT): $195.63M

Technical Snapshot

$TRX has retraced from its 24-hour high of $0.2459, finding temporary support near $0.2420 after dipping to a low of $0.2367. The price is consolidating, with a potential to either rebound or continue lower.

Key Levels to Watch:

Immediate Support: $0.2405

Major Support: $0.2367

Immediate Resistance: $0.2450

Major Resistance: $0.2524

Potential Scenarios:

1๏ธโƒฃ Bullish Recovery: A bounce from $0.2420 and a break above $0.2450 could lead to a retest of $0.2524.

2๏ธโƒฃ Bearish Continuation: A failure to hold $0.2405 may result in further downside toward $0.2367 or lower.

Market Sentiment:

With selling pressure easing near $0.2420, TRX is showing signs of stabilization. Traders should watch for a breakout or breakdown from the consolidation zone for clear direction.

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