TRX targeting $0.50
$TRX is currently trading just below the historical resistance zone. If it closes the daily/weekly candle above ATH with price stability, the first target will be $0.48 – $0.52, coinciding with the on-chain valuation zone.
The bullish scenario will be invalidated if the price cannot hold above ATH and DAA starts to decline, leading to the risk of a correction.
🔹 RSI at 73 indicates an overbought region, while MACD and the trend remain strongly bullish.
🔹 The current volume is reinforcing the upward momentum; however, being overbought near the resistance zone could lead to a cooldown or short-term accumulation.
Focus closely on the price reaction in this area; a slight correction could create momentum for the next breakout or confirm the continuation of the trend.
@TronDao_VIE @trondao #TRONGlobalFriends
$TRX is currently very close to the ATH level and is a crucial threshold:
🔹 If it breaks out → it opens up a new price discovery area.
🔹 If it fakes out → a correction is likely to occur.
The current price range and Realized Price have widened significantly = unrealized PNL is substantial.
=> A warning signal for taking profits and the possibility of a pullback.
17.49K
20
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.