Tron (TRXUSD) inched slightly higher in its latest intraday trading, attempting to recover part of its previous losses while also unwinding some of the oversold conditions on the RSI, especially with early bullish signals starting to appear. However, the price remains under a sideways trend in the short term, with ongoing negative pressure from trading below the 50-day simple moving average, which limits the likelihood of a sustained recovery in the near term.

Therefore, we expect the cryptocurrency to decline in upcoming trading sessions, as long as resistance holds at 0.34718, targeting the key support level of 0.32984.

Todays price forecast: Bearish.