Tron (TRXUSD) declined in its latest intraday trading under continued negative pressure from trading below the 50-day SMA and within the dominance of the main short-term bearish trend, with trading along a descending line that reinforces this direction. In addition, bearish signals persist on the relative strength indicators, despite reaching extremely oversold levels, which further supports the bearish outlook.

Therefore, we expect the cryptocurrency to decline in its upcoming intraday trading, targeting the key support level of $0.28833 in preparation to break below it.

Todays price forecast: Bearish.