Tron’s native token, TRX, faced intense selling pressure in the past 24 hours, marking a price from 27.7 cents to 27 cents.
The high-volume decline happened alongside turbulence in the broader market influenced by geopolitical tensions and evolving investor sentiment.
📖 Related Reading
- 📰 Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up
- 📰 Polygon NFTs hit $2B sales milestone as network defies downturn
These macroeconomic factors compound the challenges already presented by high trading volumes. However, the final hour of analysis revealed some market resilience, where TRX slightly recovered from a dip below 27 cents.
Technical Analysis Breakdown
📖 Related Reading
-
📰 Ethereum Foundation Unveils New Treasury Policy With 15% Opex Cap
- The 24-hour price drop from $0.277 to $0.270, with a closing price of $0.269, was accompanied by significant volume spikes, reaching 156.716 million, indicating selling pressure.
- Price volatility between a high of $0.278 and a low of $0.268 was observed.
- High trading volume points to potential further downward pressure on TRX prices.
- The quick rebound from under $0.27, coupled with a continued trading interest, suggests a critical support level that may prevent further declines.
🔗 You Might Also Be Interested In
📖 Related Reading
- 📰 Here’s what happened in crypto today
- 📰 Ethereum Foundation Unveils New Treasury Policy With 15% Opex Cap
Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up
Polygon NFTs hit $2B sales milestone as network defies downturn
📖 Related Reading
- 📰 Here’s what happened in crypto today
- 📰 Ethereum Foundation Unveils New Treasury Policy With 15% Opex Cap
Classover Taps $500M Convertible Note Deal to Boost Solana Treasury Strategy
💡 Stay updated with the latest cryptocurrency news and insights by following our website! 🔔 Bookmark this site to get first-hand blockchain and digital currency news!
🔗 You Might Also Be Interested In
Here’s what happened in crypto today
Ethereum Foundation Unveils New Treasury Policy With 15% Opex Cap
$302 Million Lost to Crypto Scams, Hacks, and Exploits in May: CertiK
💡 Stay updated with the latest cryptocurrency news and insights by following our website! 🔔 Bookmark this site to get first-hand blockchain and digital currency news!
🔗 You Might Also Be Interested In
Here’s what happened in crypto today
Ethereum Foundation Unveils New Treasury Policy With 15% Opex Cap
$302 Million Lost to Crypto Scams, Hacks, and Exploits in May: CertiK
💡 Stay updated with the latest cryptocurrency news and insights by following our website! 🔔 Bookmark this site to get first-hand blockchain and digital currency news!
🔗 You Might Also Be Interested In
Here’s what happened in crypto today
Ethereum Foundation Unveils New Treasury Policy With 15% Opex Cap
$302 Million Lost to Crypto Scams, Hacks, and Exploits in May: CertiK
💡 Stay updated with the latest cryptocurrency news and insights by following our website! 🔔 Bookmark this site to get first-hand blockchain and digital currency news!