$TRX

/USDT Technical Analysis

TRX/USDT is showing significant momentum, trading at $0.4119, up +78.70% in the last 24 hours. Here’s a breakdown of the current trend and potential targets:

Resistance Levels:

🎯 Target 1: $0.4500 – The recent 24-hour high. A breakout above this could signal further bullish momentum.

🎯 Target 2: $0.5000 – Psychological resistance, aligning with key Fibonacci levels. Sustained buying pressure may push TRX here.

🎯 Target 3: $0.5500 – A major level that marks a multi-month high. If reached, it could signify a long-term uptrend.

Support Levels:

Immediate support lies at $0.4000, followed by a stronger level at $0.3500.

Indicators:

RSI: Near overbought, signaling caution for buyers.

Volume: Surging, with 5.74B TRX traded, reflecting strong market interest.

TRX is gaining traction as a leading Layer 1 asset. Traders should monitor the $0.4500 breakout and adjust strategies for potential volatility.

Stay ahead with Binance!