RSI signals cautious, directionless market as Aroon indicator highlights inconsistent trends. TRX coin could fall out of top 10, lagging behind Cardano if momentum weakens.

The Tron (TRX) price is currently giving mixed signals, with traders uncertain about what to do next. Recent indicators suggest that a balance has been established between bullish and bearish forces, with no clear direction yet. Will TRX rise or fall, depending on the market’s position?

TRX Aroon Indicator: Mixed Signals$TRX

The Aroon indicator for Tron is currently showing 64.29% up and 7.14% down. These figures indicate that TRX has seen recent highs but the uptrend is not strong. The lows are few, indicating that bear pressure is minimal.

The Aroon indicator is used to assess the strength of a trend by measuring the time between highs (Aroon Up) and lows (Aroon Down) over a given time frame. When Aroon Up is above 70%, it indicates a strong uptrend, while when Aroon Down is above 70%, it indicates a strong downtrend. Values ​​below 30% indicate that the trend is weakening. Current Aroon values ​​for TRX are signaling some positive momentum, but there is still no clear uptrend. Frequent fluctuations between Aroon highs and lows indicate that TRX is switching between up and down movements without a clear direction.

TRX RSI Near Overbought Phase

TRX’s current RSI is at 61.45. This indicates that it is above 50 but has not yet entered the overbought territory; overbought is usually evident when it reaches 70. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100 and helps traders identify overbought or oversold conditions for an asset. When the RSI rises above 70, it means that the asset is overbought, which can often lead to a potential price pullback. TRX’s RSI is not yet in the overbought territory, but the sideways movement of the price indicates indecision in the market. If the RSI continues to rise and reaches the overbought threshold, a correction could be triggered.

This makes it imperative to watch TRX closely for signs of upward pressure that could push the RSI towards 70. Such a move could lead to a price drop in the near future.

TRX Price Prediction: Comparison with Cardano

Cardano$ADA

The market cap difference between (ADA) and Tron (TRX) is around $280 million. TRX is showing signs of losing momentum after the initial excitement provided by SunPump. While the EMAs are still bullish, the narrow distance between them suggests that this uptrend may not be as strong as initially seen. EMA lines are used to smooth out price swings and give more importance to more recent price action. When short-term EMAs are above long-term ones, it usually suggests that the asset is bullish and has sustained upward momentum.

However, when the distance between these lines decreases in relation to TRX, the strength of the trend is called into question, indicating that it may not be strong enough to sustain further significant upward movements.

If the uptrend continues, TRX could head towards the next resistance levels at $0.1617 and $0.17. This implies a potential gain of around 10% from current levels. These price points are critical and breaking them could attract more buying interest, reinforcing the bullish outlook. TRX price could be triggered by news such as Justin Sun announcing new features. For example, news about a Tron-based NFT platform could be an example of this. However, the narrow EMA range increases the risk of the trend losing momentum. If this happens, TRX could face a reversal. In such a case, the asset could experience a decline. Potential support levels could be around $0.1295 and $0.1170.