TRX/USDT Testing Key Resistance Amid Bearish Momentum
$TRX

TRX/USDT is currently trading at $0.1481, down by -0.27%. The price is under bearish pressure as it trades below the 200-period moving average at $0.1510, confirming the overall bearish market sentiment. Furthermore, the VWAP stands at $0.1484, slightly above the current price, indicating sellers still have control, but the market is nearing an equilibrium.

The RSI is currently at 39.13, indicating that the asset is nearing oversold territory. This suggests that while the downtrend could continue, there may be a temporary bounce in price as the market reaches oversold conditions.

The MACD shows a bearish signal, with the MACD line at -0.0009 below the signal line at 0.0002. The histogram is also in negative territory, confirming the growing bearish momentum, signaling potential for further downside.

Key support levels to watch are around $0.1450. If the price breaks below this level, it could extend the downtrend toward $0.1400 or even $0.1350.

On the upside, immediate resistance lies at $0.1510, aligning with the 200-period moving average. A break above this level could shift sentiment toward a more neutral or bullish outlook.

Disclaimer: This analysis is for informational purposes only and should not be taken as financial advice. Always conduct your own research before making trading decisions.

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