• Tron remains under pressure as traders stay active despite weak sentiment and increasing market uncertainty.
• TRX continues below its 200-day SMA, facing resistance at $0.31; price recovery remains a major challenge.
• RSI near oversold and negative MACD show fading momentum, suggesting possible short-term stabilization ahead.

Tron (TRX) is currently trading at $0.2966, which is a 0.69% decrease in the last 24 hours. Trading activity has increased despite this dip, and the volume is up by 18.8% and is currently standing at $812.36 million. This volume improvement indicates that there is still activity in the market despite the weakness in the price.

Source: CoinMarketCap

Tron has fallen by 7.28% over the last week, which is a general downward movement in momentum. The prolonged downtrend is an indication of selling pressure and investor cautiousness within the uncertain market situation. But it also may be a sign of a possible accumulation period by long-term investors in case of a bounce in the short term.

Tron Faces Bearish Pressure as Price Slips Below 200-Day SMA

A prominent analyst, Umair Crypto, highlighted that Tron was a relatively resilient coin compared to the rest of the market crash but has since fallen below its previous wick low, which is a negative technical indicator. The coin is trading below its 200-day Simple Moving Average (SMA), indicating continued bearish domination. 

A minor bullish divergence has begun to emerge, signaling possible short-term relief. A rebound, however, needs confirmation by a daily close of above $0.2983. The overall market outlook appears weak and uncertain without a price recovery.

Source: X

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The coin continues on a minor trade-off of high trade resistance points and lacks serious bullish momentum. A close above $0.2983 could be followed by a slight swing in the positive, though getting to the level of $0.31 will prove to be the key task of the buyers. The downward trend is expected to persist until that point is recaptured and kept.

Open Interest Declines as Trading Volume Rises

According to CoinGlass data, open interest dropped 1.32% to $327.48 million, showing diminished speculation. Trading volume rose 4.51% to $229.55 million, indicating active but defensive trading. The Tron OI-weighted rate of funding is -0.0014, with a short bias in the derivatives market.

Source: CoinGlass

RSI Nears Oversold as MACD Stays Bearish

The Relative Strength Index (RSI) is at 36.93, nearly oversold, with the lower bound being 32.15. This suggests that sellers continue to hold the upper hand, although the downward momentum is slowing down. Typically, RSI values near this level are accompanied by short-lived recovery attempts as the selling pressure diminishes.

Source: TradingView

The Moving Average Converging Divergence (MACD) indicator still favors bears. The MACD line is at -0.0077 and the signal line at -0.0017, which keeps the histogram negative. The small distance between the two lines may indicate the beginning of waning bearish strength, although the indicator has not yet managed to notice any shift.

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