TRX Establishes 1.25% Trading Range Amid Market Volatility
TRX shows stability amid market volatility, trading between $0.269 and $0.273 with strong volume support, as noted by CoinDesk Research.
Key points include:
- TRX maintained a 1.25% trading range ($0.269-$0.273) in the last 24 hours, indicating resilience with strong buying at key levels.
- Volume spike of over 120M units from 09:00 to 11:00 coincided with a price increase from $0.270 to $0.273, establishing a high-volume support zone.
- Renewed momentum observed at 23:00 on above-average volume, indicating accumulation near the $0.272 resistance level.
- Mini-capitulation at 01:24 saw TRX drop from $0.2728 to $0.2721 on high volume (2.58M units).
- Strong support formed at the $0.2719-$0.2720 range, with significant buying (2.76M units) lifting prices back to $0.2724 during 01:57-01:58.