At a Glance: Continuous Uptrend

TRON ($TRX) is currently trading at $0.2867, showing a +2.39% increase over the past 24 hours. As seen on the 1-hour candlestick chart, the $TRX/USDT pair has exhibited clear bullish momentum since yesterday, moving up from a low of $0.2787 to reach a 24-hour high of $0.2879, driven by a series of green candles.

🔑 Key Technical Points

Current Price: $0.2867

24h High: $0.2879

24h Low: $0.2797

Volume: 244.70M $TRX in the last 24 hours,

reflecting strong market participation.

Moving Averages (MA):

MA(5): ~7,710,781.1 USDT

MA(10): ~8,347,363.2 USDT

The MA(5) staying above MA(10) confirms a short-term uptrend.

Relative Strength Index (RSI):

Although the exact value is not shown, the continuous price rise suggests RSI is likely moving above 50 toward the overbought zone, which could trigger a temporary pullback.

🎯 Next Target:$0.30 Psychological Resistance

The next major psychological resistance for $TRX is $0.30.

If TRX breaks and holds above the 24-hour high of $0.2879, it could quickly move toward $0.30.

In case of a successful breakout, the price could potentially reach $0.34.

Support Levels:

Immediate support: $0.2823

Next support: $0.2787 (24-hour low)

💡 Fundamental Catalysts

Key factors boosting positive market sentiment include:

1.Stablecoin Utility: TRON hosts a large amount of USDT (Tether), enhancing its practical use and fee revenue.

2.TRX Buyback Plan: TRON reportedly plans to buy back $1 billion worth of TRX tokens, which could reduce circulating supply and support price.

⚠️ Risk Warning

Although the trend is strong, the $0.30–$0.31 range has historically acted as a liquidity trap zone, where significant sell orders may appear. Traders should watch price action carefully around this level.

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