Currently, TRX is trading at $0.24. By analyzing the 30-day average, we find it sits at $0.26, indicating that this level serves as a short-term pivot point. Should TRX achieve a close above this level, we might expect a renewed upward momentum.
Historically, examining the "30 Day Price High & Low" metric reveals that periods where the high and low values converge often signal low volatility and mark an accumulation phase before the next significant price movement.
Conclusion
The $0.24 level currently acts as strong support.
If TRX can close above the pivot level of $0.26, we could see a mini rally extending to the 30-day high (orange trend) at $0.29.
This sets up a potential short-term opportunity for traders keeping an eye on key support and resistance levels.
Written by burakkesmeci
