Tron’s TRX token faced a notable selloff in the last 24 hours, sliding from 27.7 cents down to 27 cents amid surging trading volumes.
The drop occurred amid heightened market volatility spurred by geopolitical tensions and fluctuating investor sentiment, intensifying selling pressure across the board.
Despite the pressure, TRX found some footing in the final trading hour, recovering slightly after briefly falling below the 27-cent mark.
Technical Overview
- TRX’s price declined from $0.277 to $0.270 within 24 hours, closing near $0.269, while volume surged to 156.7 million, signaling significant selling activity.
- Price swings ranged from a high of $0.278 to a low of $0.268 during the session.
- High trading volumes suggest the potential for continued downward movement.
- A quick rebound from below $0.27, supported by steady trading interest, indicates a key support level that may curb further losses.
About The Author
More Stories
Cryptocurrencies slide ahead of Monday, as the federal shutdown clock ticks down.
According to Bitwise CIO Matt Hougan, bitcoin has the potential to climb to $6.5 million over the next two decades
Anatomy of BTC’s selloff: the dollar’s bottom marked bitcoin’s top.