$TRX /USDT: Consolidation at Support! Reversal or Breakdown? 📉🚀
$TRX is currently showing tight consolidation on the 1H chart, trading at $0.2956. After a recent slide, the price is squeezing near the lower Bollinger Band, indicating a big move is coming!
Technical Breakdown:
Trend: Neutral-Bearish but stabilizing. The price is just below the Middle Band ($0.2961).
RSI (6): 44.51 – Neither oversold nor overbought, giving room for a move in either direction.
MACD: Starting to show green bars, suggesting a slow build-up of bullish momentum.
Key Levels: Support at $0.2937 | Resistance at $0.2978.
Verdict: TRX is in a "Wait and Watch" zone. A break above $0.2980 confirms a Bullish reversal, while a drop below $0.2930 could lead to more pain. Watch the squeeze!
Will TRX reclaim $0.30 today? Drop your predictions below! 👇
Disclaimer: Not financial advice. DYOR.
#TRX #TRON #BinanceSquare #WriteToEarn #CryptoAnalysis
