$TRX Price Prediction: The Rally Might Be Shortlived - BeinCrypto Analytics

An analysis of TRX’s key momentum indicators suggests a potential correction may be on the horizon. Currently, its Relative Strength Index (RSI) is 84.76, while the Money Flow Index (MFI) is 91.07. Both indicators assess whether an asset is overbought or oversold. When the RSI exceeds 70, it signals that the asset is overbought and could be due for a pullback. Similarly, an MFI reading above 80 indicates that the market is overbought and a correction may be imminent.

The elevated RSI and MFI values indicate that TRX’s market may be overheating, with signs of buyer exhaustion. As demand wanes and selling pressure increases, TRX is likely to enter a downtrend. If this scenario unfolds, TRX’s price could retreat to $0.14, representing a 13% decline from current levels. However, if the uptrend continues, TRX may reclaim its year-to-date high of $0.17.