$TRX
/USDT Technical Analysis🔥💯💯
Current Price: $0.2569
Momentum: Bullish (Price trading near 24h high with +1.82% gain).
Indicators:
1. RSI: ~60 (Bullish but nearing overbought levels).
2. Moving Averages:
50 EMA: Above, signaling short-term uptrend.
200 EMA: Price staying above shows long-term positive trend.
3. Support: $0.2504
4. Resistance: $0.2576 (near-term breakout level).
Trade Signal: Buy on breakout above $0.2576
Targets 🎯:
1. Target 1: $0.2600
2. Target 2: $0.2640
3. Target 3: $0.2700
Stop Loss: $0.2490
Momentum: Strong buying pressure with high trading volume indicates potential continuation upward, but watch for resistance at $0.2576.