$TRX poised for a comeback? 🌱
TRON ($TRX ) is sitting at $0.1504, showing signs of potential recovery after a mid-September dip. The 99-day moving average is acting as a solid support at $0.1440, while the 25-day and 7-day moving averages are currently close to the price, suggesting a possible breakout if momentum increases. 📈 The MACD shows very slight positive movement, hinting at a slow upward shift, though it remains uncertain without significant volume behind it.
Volume at 9.5M is relatively moderate, meaning there’s not yet enough enthusiasm from the bulls to push TRX beyond its current level. The key zone to watch is $0.1600—if it breaks that, we might see a stronger rally. On the flip side, a failure to hold above the moving averages could signal a pullback to test lower levels around $0.1400.
While the setup is encouraging, TRX is still in a cautious zone. Keep your eyes peeled for a volume spike—without it, this upward trend could fizzle out quickly. 🚨