TRX -158.36% in 24 Hours Amid Sharp Short-Term Decline

On SEP 1 2025, TRX dropped by 158.36% within 24 hours to reach $0.3424, TRX dropped by 275.28% within 7 days, dropped by 158.36% within 1 month, and rose by 3171.11% within 1 year.

The TRX price decline over the past 24 hours marks one of the most significant short-term corrections in recent cycles. A sharp sell-off saw the token plummet from recent levels to as low as $0.3424. This sudden drop has intensified bearish sentiment among investors and traders, with many reevaluating open positions and exposure to the asset. The move has also triggered a broader reassessment of market fundamentals and technical indicators tied to the token.

Technical analysts have pointed to a breakdown in key support levels as a catalyst for the decline. The 200-day moving average has been breached for the first time in several months, signaling potential medium-term bearish momentum. Additionally, the Relative Strength Index (RSI) has entered oversold territory, which, while often a sign of a potential rebound, may indicate further downside in the context of broader market conditions.

Backtest Hypothesis

A proposed backtesting strategy aims to simulate performance based on the current technical indicators. The strategy relies on a combination of moving averages and RSI readings to identify potential entry and exit points. The approach involves initiating short positions when the price closes below the 50-day moving average and the RSI indicates bearish divergence. Conversely, long positions are triggered when the RSI rebounds above 30 and the price reclaims the 50-day moving average. This strategy is designed to capitalize on both short-term volatility and medium-term directional moves.