TRX (TRON) falls 2.36% over the past 24 hours; daily chart price below all eight moving averages
Original headline트론(TRX) 24시간 2.36% 하락…일봉 8개 이동평균선 밑돌아
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TRON (TRX) fell 2.36% over 24 hours to $0.3107 (about 415 won) as of 5:54 p.m. KST on the 1st, with the daily candle trading below all eight key moving averages — the 20-, 50-, 100-, and 200-day simple and exponential moving averages. Per Coinotag daily data, the 20-day SMA stood at $0.3296 (~440 won), the 200-day SMA at $0.3337 (~445 won), the 20-day EMA at $0.3282 (~438 won), and the 200-day EMA at $0.3264 (~436 won), all above the spot price. The daily RSI read 37.7, and Coinotag's chart classified the 4-hour and daily timeframes as bearish while the weekly remained bullish. The move matters because TRX's position below every major daily moving average signals broad short-term weakness despite the longer weekly uptrend, leaving the token technically exposed if selling persists. Watch whether TRX can reclaim the 20-day SMA near $0.3296 or whether the weekly bullish assessment holds as daily momentum continues to deteriorate.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
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