Tron’s TRX Price Drops to 27 Cents Amid High Selling Pressure
Tron's native token, TRX, experienced a price drop from 27.7 cents to 27 cents in the past 24 hours due to high selling pressure. This decline coincided with broader market turbulence driven by geopolitical tensions and shifting investor sentiment.
Technical Analysis Breakdown
- Price fell from $0.277 to $0.270, closing at $0.269, with trading volume reaching 156.716 million.
- Price volatility ranged between a high of $0.278 and a low of $0.268.
- High trading volume indicates potential further downward pressure on TRX prices.
- A brief recovery above $0.27 suggests a critical support level may prevent further declines.