TRX Loses Momentum: Price Tests 200-Day Average on Below-Average Volume
- —TRX at $0.3319: down 0.93% daily, 2.45% over 30 days, up 17.21% year-to-date
- —Price below SMA-7, SMA-30 and SMA-50, but marginally above SMA-200 at $0.33187
- —Volume of $397.29 million is 8.09% below the 30-day average
- —RSI at 42.8 and a bearish MACD signal weakness without confirmed oversold conditions
Why it matters: Holding the 200-day SMA will determine whether TRX's longer-term uptrend survives or a deeper correction begins.
Source: DiarioBitcoin