TRX Price Surges 20.75% in 24 Hours Amid Market Volatility

On SEP 2 2025, TRX experienced a significant 24-hour price increase of 20.75%, reaching $0.3428. Despite this short-term rebound, the token has faced substantial declines over longer timeframes, with a 205.74% drop over seven days, an 87.98% decline in the past month, and a 3265.31% increase over the past year. The sharp movements highlight the token’s high volatility and underscore the importance of technical indicators and volume dynamics in assessing its near-term trajectory.

Technical indicators have shown mixed signals for TRX in recent sessions. The 50-period and 200-period moving averages crossed into a bearish alignment, suggesting continued downward pressure. However, the recent 24-hour rally has pushed the RSI above neutral levels, signaling potential overbought conditions. A key resistance level appears to be forming near $0.35, with a breakdown expected to reignite the bearish trend. Traders are closely watching for a decisive close above this threshold to determine whether the rally could extend further or remain confined to a short-term bounce.

The recent price movement aligns with broader concerns about TRX’s liquidity and market depth, as reflected in its inability to sustain gains over several trading days. Analysts project that without a significant increase in buying pressure and a reduction in large sell orders, the downward trend is likely to persist. Institutional activity has been muted, with retail traders dominating short-term price swings. This dynamic has led some to caution against over-reliance on technical patterns, emphasizing that TRX’s price could remain range-bound in the absence of a catalyst.

Backtest Hypothesis

A potential trading strategy for TRX involves a combination of moving average crossovers and RSI divergence to capture trend changes. The approach uses the 50 and 200-period moving averages to identify trend direction, with the RSI serving as a momentum filter. When the 50-period line crosses above the 200-period and RSI shows divergence from price lows, a long position is triggered. Conversely, a cross below the 200-period combined with RSI divergence above overbought levels signals an exit. This strategy aims to capture swing moves in a highly volatile asset while filtering out false breakouts.