Tron (TRXUSD) declined in its latest intraday trading, under negative pressure from trading below its 50-period SMA and moving along a short-term descending trend line. The price is now preparing to break the key support level of 0.33887. However, we note the beginning of positive signals on the RSI after reaching oversold levels, as the price attempts to ease this excessive selling pressure, which could limit upcoming losses.

Therefore, we expect the currency to decline in its upcoming intraday trading, especially if it breaks below the mentioned support of 0.33887, targeting the next support level at 0.32984.

Todays price forecast: Bearish