#trx Price Prediction: Short-Term Adjustment, Long-Term Upside Potential Remains Strong
From the daily chart, #trx encountered significant resistance around $0.43, leading to a price pullback to $0.39. However, the trend of the Money Flow Index (MFI) indicates that this pullback may be temporary, instead suggesting that the market is still filled with buying pressure.
MFI is an indicator that measures capital inflow; when it declines, it usually indicates selling pressure in the market. But in the current scenario, MFI continues to rise, meaning more funds are flowing into the TRX market, further boosting buying sentiment. This signal suggests that the price of TRX may experience a rebound in the short term, breaking through $0.45, and may rise further.
In the most optimistic case, TRX is expected to break through the key psychological level of $1, aligning with the performance of mainstream cryptocurrencies like #xrp . On the other hand, if some holders choose to realize profits, there is also a possibility that the price could fall back to $0.33. Overall, despite significant price fluctuations in the short term, #trx still possesses strong upside potential and is worth monitoring.