Trons native token, TRX, faced an intensive sales pressure in the last 24 hours, marking a price from 27.7 cents to 27 cents.
The fall in high volume happened together with turbulence in the wider market affected by geopolitical tensions and developing investor mood.
These macroeconomic factors put together the challenges already presented by high trading volumes. However, the last hour’s analysis revealed a certain market resilience, where TRX easily recovered from a dip below 27 cents.
Technical analysis distribution
- The 24-hour price drop from $ 0.277 to $ 0.270, with a shutter price of $ 0.269, was accompanied by significant volume tips and reached 156,716 million, indicating sales pressure.
- Price volatility between a high of $ 0.278 and a low level of $ 0.268 were observed.
- High trading volume points to potentially additional pressure on TRX prices.
- The quick rebound from less than $ 0.27, combined with a continued trade interest, suggests a critical level of support that can prevent further declines.
