While cryptocurrency markets fluctuate in the shadow of global economic tensions, TRON's native token TRX stands out with its stable performance.
TRX Up 1.25 Percent: High Volume Support Area Pushes Price Up
TRX formed a new trading range in the $0.269–$0.273 range and rose 1.25% amid strong volume support in this region.
TRX’s recent stability is remarkable despite the uncertainty created in the markets by the escalating trade wars between major economies. While Bitcoin and other major cryptocurrencies are volatile, TRX’s steady rise indicates an increase in institutional interest in blockchain projects that stand out with their practical use cases and high transaction volume.
Technical Outlook: Strong Momentum Backed by Volume
- TRX has traded in a 1.25% range ($0.269–$0.273) over the past 24 hours. The price remained stable with strong buying at key support levels.
- Between 09:00 and 11:00 in the morning, the price climbed from $0.270 to $0.273 with a trading volume exceeding 120 million, and this region was recorded as a high-volume support area.
- At 23:00, the trading volume rose above the average, indicating that momentum was regained around $0.272.
- A mini capitulation occurred at 01:24, with TRX falling sharply from $0.2728 to $0.2721 with a volume of 2.58 million units.
- However, immediately afterwards, strong buying of 2.76 million units took place in the $0.2719-0.2720 range between 01:57-01:58, and the price climbed back up to the $0.2724 level.
According to technical data, TRX is in a position to continue its upward trend with both the resistance it has shown at short-term resistance levels and strong support volume. Analysts state that TRX could have a wider upward movement area if the price permanently breaks through the $0.273 resistance.
The continued institutional interest and stability shown amid general volatility in the markets places TRX among the tokens to watch in the short term.
*This is not investment advice.
