🔹Tron’s recovery hits a crossroads at the 50-day EMA
Tron's price found support near the $0.2764 level, marked by the November 4 low, on Thursday, resulting in a nearly 2% rebound on Saturday. However, the recovery run faces constant supply dump near the 50-day EMA at $0.2859, resulting in multiple long-tailed Doji candles. Still, the long-legged candles reflect underlying demand, increasing the likelihood of a breakout from the moving average.
🔹A decisive close above $0.2859 could extend the TRX recovery to the 200-day EMA at $0.2944.
🔹The Relative Strength Index (RSI) is at 55 on the dai