TRX Next Move: What’s Brewing?

🚨 Technical Analysis Update 🚨

TRX has surged 71%, testing highs at $0.45 before consolidating near $0.38. The strong inflow of $248M in the last 24 hours indicates sustained bullish interest. With an RSI of 77, the momentum is strong, but overbought conditions could trigger volatility.

Potential Bullish Targets:

1. $0.42 - Immediate resistance zone.

2. $0.45 - Retest of recent highs.

3. $0.48 - Psychological level.

4. $0.50 - Key Fibonacci extension.

5. $0.55 - Long-term breakout.

Potential Bearish Scenarios:

1. $0.36 - Immediate support.

2. $0.34 - MA(10) convergence.

3. $0.30 - Key retracement level.

4. $0.27 - Psychological support.

5. $0.25 - Strong buyer zone.

🔍 Why the Hype?

TRX is riding the wave of increased DeFi adoption and steady development in its ecosystem. The market sentiment is positive, with news of higher staking rewards adding fuel to the rally.

⚠️ DYOR (Do Your Own Research): While TRX’s trajectory looks promising, always analyze risks before entering trades.

🌟 #TRX #CryptoTrading #DYOR

What’s your next move? 🚀