$TRX /USDT Price Update: Bears Testing Support
๐ Current Price: $0.2426 (-0.86%)
๐ผ 24H High: $0.2459
๐ฝ 24H Low: $0.2367
๐ 24H Volume (TRX): 809.56M
๐ต 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๏ธโฃ Bullish Recovery: A bounce from $0.2420 and a break above $0.2450 could lead to a retest of $0.2524.
2๏ธโฃ 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.