Why is TRXUSD down 0.59649% today?

TRXUSD declined due to profit-taking after recent strength and overbought technical conditions. The RSI at 65.36 and Stochastic indicators suggest short-term pullback risk. On-Balance Volume shows net selling pressure, indicating traders are reducing positions near resistance levels.

What is the TRXUSD price target for 2026?

The yearly forecast for TRXUSD sits at $0.46, representing 60.6% upside from current $0.28633 price. However, the quarterly target of $0.16 suggests potential weakness first. Longer-term targets of $0.71 (3-year) and $0.97 (5-year) indicate significant appreciation potential over extended timeframes.

Is TRXUSD overbought or oversold?

TRXUSD shows overbought conditions in the short term with Stochastic %K at 92.99 and CCI at 113.81. However, RSI at 65.36 remains neutral, not yet in extreme overbought territory above 70. This suggests consolidation risk rather than immediate crash potential.

What are key support levels for TRXUSD?

The primary support level is the Bollinger Band lower at $0.27, followed by the $0.25 psychological level. The 200-day moving average at $0.31249 provides longer-term support. The daily low of $0.28262 represents the most recent support test from February 6.

How does TRXUSD compare to Bitcoin performance?

TRXUSD has significantly outperformed Bitcoin this year, declining only 1.3% versus Bitcoin's 19% decline. This relative strength suggests stronger institutional and retail demand for TRON. The outperformance reflects confidence in the TRON ecosystem and its payment-focused applications.

Crypto Insights

TRXUSD TRON USD Faces $0.29 Resistance as -0.59649% Daily Decline Tests Momentum

ByDanny Kontos February 6, 2026February 6, 2026

TRXUSD TRON USD is trading at $0.28633 as of February 6, 2026, down 0.59649% over the past 24 hours. The cryptocurrency faces critical resistance near $0.29 while technical indicators show mixed signals. With a market cap of $27.7 billion and trading volume at 912.8 million, TRXUSD remains one of the largest cryptocurrencies by market value. Recent price action reveals tension between bullish longer-term trends and near-term selling pressure. Understanding the current technical setup and market dynamics is essential for tracking TRXUSD price movements.