TRX has demonstrated remarkable stability in the midst of broader volatility on the market, establishing a higher commercial beach between $ 0.269 and $ 0.273 with large volume support, depending on the CoindSk Research technical analysis data model.
Resilience comes as traditional markets are fighting against the uncertainty of climbing commercial disputes between major economies.
While Bitcoin and other cryptocurrencies know price fluctuations, the coherent performance of TRX suggest an increasing institutional interest in blockchain networks with practical utility and solid volumes of transactions.
Strengths of technical analysis
- TRX established a 1.25% negotiation range ($ 0.269 to $ 0.273) over the period of 24 hours, showing significant resilience with strong purchases at key support levels.
- A significant volume peak (120 m + units) for 09: 00-11: 00 hours coincided with the price rally from $ 0.270 to $ 0.273, forming a high volume support area. •
- The time of 11:00 p.m. has shown renewed momentum over the average volume, suggesting an accumulation near the resistance level of $ 0.272.
- The mini-capitulation event occurred at 01:24, TRX strongly from $ 0.2728 to $ 0.2721 in high volume (2.58 million units).
- Strong support appeared at $ 0.2719 at $ 0.2720, with a substantial purchase volume (2.76 million units) during 01: 57-01: 58 periods powered prices to $ 0.2724.
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