Summary
TLDR: TRON’s price dynamics suggest lower volatility and a move towards consolidation, with the RSI at a neutral level. Decrease in trader activity and a recent death cross indicate potential for TRX to consolidate at $0.1145 support level or decline to $0.097. Bullish sentiment could push TRX towards $0.14 resistance level.
Key Points
1. TRON’s price dynamics indicate a move towards potentially lower volatility, highlighted by reduced trader activity in the past week.
2. The Relative Strength Index (RSI) has adjusted to a neutral level at 60, suggesting that TRX is entering a phase of consolidation.
3. The 7-day RSI for TRX has decreased from highs of 84.6 to 60.8, indicating a balanced market sentiment and equilibrium between buyers and sellers, pointing to potential consolidation ahead.