Trons currency price (TRXUSD) declined in latest intraday trading, after failing to breach the stubborn resistance level of 0.30544756, as it attempts to gather positive momentum that may support a renewed rise. The short-term trend remains bullish, with the price trading alongside a rising trend line and continuing to benefit from positive pressure due to trading above the 50-period SMA. Meanwhile, the Stochastic has reached extremely oversold levels, exaggerated relative to the price movement, indicating the beginning of a potential positive divergence.

Therefore we expect the currency to rise in upcoming intraday trading, as long as the support of 0.29552387 holds on especially if it breaches the resistance of 0.30544756 targeting the next resistance level at 0.31809306.

Todays price forecast: Bullish