The TRX has shown amazing stability amid the broader market volatility, which has established a higher trading range between $ 0.269- $ 0.273 with significant volume support, according to the technical review model of technical research of Coindesk Research.
The elastic arises as traditional markets struggle with uncertainty from increasing trade disputes between major economies.
While Bitcoin and other cryptocurrencies are experiencing price change, TRX’s consistent performance suggests the growing institutional interest in blockchain networks with practical utility and strong volume of transactions.
Technical assessments
- TRX has established a 1.25% trading range ($ 0.269- $ 0.273) over a 24-hour period, showing remarkable stability with strong purchases at basic support levels.
- Significant spike volume (120m+ unit) during 09: 00-11: 00 hours coinciding with the price rallying from $ 0.270 to $ 0.273, forming a high volume of support in the zone. And
- The 23:00 hour showed a modified momentum in the upper-average volume, suggesting accumulation near the $ 0.272 level of resistance.
- The mini-capitulation event took place at 01:24, with the TRX fall sharp from $ 0.2728 to $ 0.2721 to high volume (2.58m unit).
- Strong support appeared at the $ 0.2719- $ 0.2720 level, with a large amount of purchase (2.76m unit) during 01: 57-01: 58 prices of prices returning to $ 0.2724.
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