Global economic uncertainty continues to shape the performance of cryptocurrencies as geopolitical tensions between major economies are intensifying. Tron (TRX) has demonstrated resilience in the middle of market fluctuations, maintaining the price levels around $ 0.26 despite a broader volatility on the market, with its stablecoin ecosystem widening significantly while traders are looking for stability during uncertain economic conditions.
Strengths of technical analysis
- TRX went from $ 0.261 to a peak at $ 0.268, representing a range of 0.008 (3.07%), depending on the Technical Analysis Data model of Coindesk Research.
- The price action has formed a clear upward channel with a high volume support at $ 0.265.
- A notable volume exceeding 125 m occurred during the period of 00: 00-02: 00.
- A breakdown of resistance occurred at $ 0.264, followed by a consolidation higher than this new level of support.
- The last hours have shown profits with a decline at $ 0.264, now a gain of 1.3%.
- The last hour experienced a significant drop pressure with a drop of 0.82% from $ 0.266 to $ 0.263.
- Downing channel formed with notable volume tips at 05:12, 05:21 and 05:28.
- The sale pressure exceeded 8-11 m in volume at key points.
- The critical support failure occurred at $ 0.264 around 05:28.
- The last 15 minutes have shown a stabilization attempt with decreasing volatility.
- The price failed to recover the level of $ 0.264, which suggests in the short term the lowered feeling.
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