TRX key support level breached, weekly bearish signals at full strength

[Crypto World] The recent TRX price action looks pretty shaky. The parabolic support that held for over two years just broke, and even the $0.315 level couldn’t hold—this clearly signals further downside. The weekly chart looks even worse—both RSI and MACD are showing bearish divergence, with strong bearish signals. It’s very likely we’ll see a test of the $0.220 level.

There’s a bit of interest on the daily chart, with a vague double bottom forming and some bullish divergence, but even if there’s a rebound, it’ll probably stall around $0.30. At the current level, there’s barely any upside potential for the bulls, with resistance levels firmly in place. With technicals turning fully bearish, a short-term recovery? Unlikely.