TRXJPY +12.26% as Short-Term Rebound Gains Momentum

On SEP 6 2025, TRXJPY rose by 12.26% within 24 hours to reach $48.82, while over the 7-day period, it dropped by 132.96%. The one-month decline stands at 248.86%, while the annual return remains significantly positive at 1825.21%. The 24-hour rebound has drawn attention from traders and analysts, especially in light of recent volatility.

The recent 24-hour price surge appears to stem from a consolidation phase following prolonged bearish pressure. The sharp correction over the past week and month appears to have created a technical floor that may be offering temporary support. The price movement reflects a short-term reversal rather than a long-term reversal in the broader bearish trend. Analysts project that the current bounce may not be indicative of a sustained recovery unless accompanied by a breakout above key psychological levels and increasing volume.

The price action on the daily chart is characterized by a bullish engulfing pattern forming after a series of declining candles. This pattern often signals a potential reversal, particularly in overbought or oversold conditions. The RSI has moved into positive territory from deeply bearish levels, indicating a possible shift in momentum, though it has not crossed into overbought territory. The MACD has also shown signs of convergence, suggesting a reduction in the downward selling pressure.