- Even if TRON tested the height of the 2025, the purchase pressure was lukewarm.
- The increase in spot sales may be an initial sign of trend reversal.
TRON (TRX) has finished the trading session more than $ 0.274 for the last 10 days. In both cases, the price of the token returned to the level of $ 0.266.
The bull and the bear were fighting to control the height of five months to $ 0.274. Until now, no clear evacuation or decisive rejection has occurred.
Evidence suggested that the weak direction is more likely if the Bitcoin (BTC) falls below the $ 102K demand area.
Source: TradingView TRX/USDT
The minimum TRX range was $ 0.22 and the intermediate range was $ 0.2475. At the end of April, TRON had similar integration stages around the intermediate range before the start of the strong. The same intermediate range also blocked the bull in February.
The current integration of about 0.27- $ 0.275 has been reduced in recent weeks. Like the price, OBV has been lacking recently.
With more than $ 0.274, the surge in purchasing pressure will be a reliable signal of a strong escape.
Data shows that TRON may have difficulty in violating the maximum region.
Source: cryptoquant
Spot Taker Trading Volume has been turned over to show that takers sell their dominant stages.
This metric sells the cumulative difference between the Spot Taker purchase and sales volume over 90 days. In the first half of May, it was positive and growing, but it has begun to return for the last 10 days.
Source: COINGLASS
As a result of surveying a month -long liquidation map, TRX is likely to drop to $ 0.24 or less to $ 0.255. In May, liquidity can be lowered around the local lowest point, which can find liquidity and lower prices.
The $ 0.282 level also has a high concentration of liquidation and can be hunted for the next few days. Traders should run for $ 0.28 for a long time and shortly $ 0.255.
Indemnity Clause: The information presented does not make up financial, investment, transactions, or other types of advice, and is entirely the artist’s opinion.