TRON Hits 52-Week High; Overbought RSI Warns of Pullback
I see TRON (TRX) pushing to a 52-week high at $0.36 after a 2.65% daily rise, supported by a 67% year‑over‑year surge in network activity. The on‑chain momentum looks constructive for medium‑term interest.
At the same time the RSI is into overbought territory, so I expect elevated volatility and a meaningful risk of a short-term pullback. I'll be cautious and wait for clearer confirmation or a retracement before adding exposure.
Analysis
Recommendation
I'm watching TRX rather than buying immediately. Wait for a pullback or consolidation; consider buying on weakness or a partial entry if the RSI cools and support holds.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.