The native token of Tron, TRX, faced an intense sales pressure in the last 24 hours, marking a price of 27.7 cents at 27 cents.
The high volume decline occurred alongside turbulence on the larger market influenced by geopolitical tensions and the evolution of investors’ feelings.
These macroeconomic factors aggravate the challenges already presented by high trading volumes. However, the last hour of analysis revealed a certain resilience of the market, where TRX has slightly recovered from a drop of less than 27 cents.
Distribution of technical analysis
- The drop in prices of 24 hours from 0.277 to 0.270 $, with a fence price of $ 0.269, was accompanied by large volume peaks, reaching 156.716 million, indicating the sale pressure.
- Price volatility between a summit of $ 0.278 and a minimum of $ 0.268 was observed.
- The high exchange volume indicates downward pressure potential on TRX prices.
- The rapid rebound of less than $ 0.27, associated with a continuous commercial interest, suggests a level of critical support which could prevent new drops.
