22 August 2025
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Tron Market Consolidates as Seller Dominance Weakens After Recent Highs
Tron (TRX) is currently consolidating after reaching multi-year highs. This phase reflects a recalibration in the market, but the overall trend remains bullish with higher lows and strong buyer support.
Key points include:
- Tron's growth is driven by its expanding network in decentralized applications, payments, and stablecoin transactions.
- Current metrics suggest a potential local bottom, indicating a possible upward movement as buying pressure increases and selling pressure decreases.
- The Spot Taker CVD indicator shows that seller dominance peaked recently but is now weakening, hinting at a shift towards renewed buying activity.
Market Analysis
TRX is consolidating around $0.3567, above key moving averages. The 50-day SMA is at $0.3238, the 100-day SMA at $0.2990, and the 200-day SMA at $0.2693, confirming a bullish structure. A successful push above recent highs may target $0.40 and potentially $0.45.
However, failure to maintain above $0.32 could lead to deeper corrections, with the 200-day SMA at $0.27 as critical support. Overall, TRX remains in a bullish trend, with current consolidation possibly setting up for the next upward leg.