TRON (TRXUSD) price declined in its latest intraday trading, despite positive signals appearing in the Stochastic indicators, even after reaching strongly overbought levels. The currency managed to recover a large part of its prior losses, but remains affected by breaking a short-term upward trend line, while ongoing negative pressure continues from trading below its 50-day SMA, which adds to the surrounding bearish momentum.

Therefore, we expect the currency to decline in its upcoming intraday trading, as long as it remains stable below 0.35499, to then target the support level of 0.33889.

Todays price forecast: Bearish.