Tron’s native token TRX experienced heavy selling pressure over the last 24 hours, with its price slipping from 27.7 cents down to 27 cents amid high trading volumes.
The significant decline took place against a backdrop of market volatility fueled by geopolitical tensions and shifting investor sentiment, adding to the existing downward pressure.
Despite these challenges, the final hour of trading showed some resilience as TRX managed a modest recovery after briefly dipping below the 27-cent mark.
Technical Analysis Summary
- TRX fell from $0.277 to $0.270 within 24 hours, closing near $0.269, on volume surges reaching 156.7 million tokens, signaling strong selling activity.
- Price volatility was evident, ranging from a high of $0.278 to a low of $0.268.
- Elevated trading volumes suggest the possibility of continued downward momentum.
- A swift rebound above $0.27, along with sustained trading interest, indicates a key support level that could help limit further losses.
