TRXJPY Rises 57.01% in 24 Hours Amid Mixed Short-Term Downtrend

On SEP 8 2025, TRXJPY experienced a significant 57.01% increase within the past 24 hours, reaching $49.44. However, this sharp rise contrasts with broader performance trends: the pair has declined by 213.99% over seven days and 167.23% over one month. Despite these losses, TRXJPY has posted an impressive 1924.19% increase over the past year, suggesting a long-term upward trajectory amid short-term turbulence.

The recent 24-hour gain appears to be a brief reversal in a broader bearish trend. Analysts have noted the discrepancy between the daily surge and the multi-day decline, with some attributing the one-day jump to a combination of algorithmic trading, short-term market corrections, or liquidity shifts in the TRXJPY pair. These factors may have created a temporary buying opportunity for traders reacting to overbought or oversold signals from technical indicators.

Technical analysis reveals that TRXJPY's 24-hour gain coincided with a break above key resistance levels that had previously restricted upward movement. However, the inability to sustain this momentum beyond a single day indicates that the buying pressure may not be strong enough to reverse the ongoing bearish trend. A close watch is being kept on the 50-period moving average and the 200-period moving average, which serve as critical benchmarks for momentum and trend strength.

Backtest Hypothesis

In light of these technical signals, a backtesting strategy has been proposed to evaluate the effectiveness of using moving average crossovers as a trading signal for TRXJPY. This approach involves monitoring the 50-period and 200-period moving averages and entering trades when the 50-period crosses above or below the 200-period. The strategy aims to capture trend reversals or continuations based on the strength of the cross.

The backtest would incorporate daily candle data over the past year and filter out trades that do not meet a minimum return threshold. It would also assess the risk-reward ratio and maximum drawdown to determine the robustness of the strategy. By applying this systematic method, analysts hope to uncover whether the recent 24-hour gain was a genuine breakout or merely a temporary fluctuation within the broader bearish context.