TRX Enters Cooling Phase as RSI Falls Below Midline and EMA Trend Weakens
$TRX is showing signs of fading momentum on the 1-day chart, with the short-term trend softening and the MACD shifting into negative territory.
The RSI slipping back toward the mid-40s reflects cooling buying pressure, suggesting bulls are losing control of the recent move. TRX is currently struggling to break through its nearest resistance zone around $0.2967–$0.2981, while several strong bid walls below the market are temporarily stabilizing price action.
If buyers cannot reclaim the short-term trend levels soon, TRX risks drifting toward deeper support in the $0.2813–$0.2787 range.
Until a decisive breakout occurs, the market remains in a neutral-to-bearish posture with limited upward momentum.
