TRON/Yen (TRXJPY) Market Overview

• TRXJPY closed at 50.26 after a sharp 24-hour decline from a high of 50.61 to a low of 49.62.
• Momentum indicators suggest bearish exhaustion with RSI near oversold territory.
• A key support level at 50.13 is showing signs of resilience amid increased volume.
• Volatility expanded in the afternoon with price breaking out of Bollinger Bands.
• Volume spiked dramatically in the final hours before the 12:00 ET close.

TRON/Yen (TRXJPY) opened at 50.31 at 12:00 ET − 1 and reached an intraday high of 50.61 before closing at 50.26 at 12:00 ET. The price declined to a 24-hour low of 49.62, reflecting heightened volatility. Total volume for the period was 143,547.61, with notional turnover amounting to 6,597,627.37 JPY.

Over the past 24 hours, the price formed a bearish continuation pattern within a descending triangle, particularly visible in the 15-minute chart. Key support levels emerged at 50.13 and 49.82, while resistance levels were identified at 50.34 and 50.48. A long-legged doji appeared near the 50.06 level, suggesting indecision among traders. A bullish engulfing pattern formed briefly in the early hours of September 26, but was quickly negated by renewed selling pressure.

The 20- and 50-period moving averages on the 15-minute chart crossed bearishly, reinforcing a downtrend bias. The daily chart also saw the 50-period MA dipping below the 100-period MA, signaling a medium-term bearish phase. MACD crossed below the zero line during the afternoon, confirming a shift in momentum. RSI fell into oversold territory (near 25), potentially signaling a near-term price rebound.

Bollinger Bands expanded significantly during the late afternoon session, reflecting increased volatility. Price briefly broke above the upper band after a strong upward move in the 12:45 ET candle, but closed below the band again by midday. This suggests that while volatility is high, directional clarity remains limited. A 61.8% Fibonacci retracement level at 50.27 appears to have provided a minor ceiling for the price in the final hours.