Источник BeInCrypto.com
Заголовок This Is Why Tron (TRX) Price Could Lose Another 10% Soon
Дата 20240916

Этим цветом    обозначаются известные системе слова и выражения, принимавшие участие в анализе данного текста, а таким    - идентифицированные, то есть соотнесенные с каким-либо объектом онтологической базы

============= Обработанный текст:
This Is Why Tron (TRX) Price Could Lose Another 10% Soon

TRX , the native coin of the Tron blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн

• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
, has maintained a downtrend since
August 25. Exchanging hands at $0.14 as of this writing, the coin’s value has
since plummeted by 13%.

With a growing bearish bias toward the tenth-largest cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта by market
capitalization, its technical setup suggests that TRX is poised to extend this
decline.

Tron Derivatives Traders Look Away

Sponsored

Sponsored

The drop in TRX’s derivatives market activity signals a clear decline in
demand for the altcoin. Its Open Interest, which measures the total number of
outstanding futures or options contracts that have yet to be settled or
closed, has been trending downward since reaching a year-to-date high of $191
million on August 21.

As of press time, TRX’s Open Interest stands at $82 million, reflecting a 57%
decline since August 21. Tron Open Interest. Source: Santiment

When an asset’s Open Interest decreases, it often signals reduced trading
activity or waning investor interest. This also reflects a loss of confidence
in the asset s positive price momentum, which is evident in TRX’s
negative funding rate.

Sponsored

Sponsored

On-chain data shows that TRX’s funding rate has been predominantly negative
over the past month. The funding rate, which is the fee to keep the contract
price aligned with the spot price, stands at -0.0047% at press time.

Read More: 7 Best Tron Wallets for Storing TRX Tron Funding Rate. Source:
Coinglass

A negative funding rate means more traders are holding short positions,
indicating that a larger number of traders expect TRX’s price to decline
rather than rise.

TRX Price Prediction: Price Is Poised to Breach Support

Tron’s price decline since August 25 has led to the formation of a descending
channel, a bearish pattern characterized by lower highs and lower lows. The
upper line of the channel acts as resistance, currently at $0.14 for TRX,
while the lower line serves as support, also at $0.14.

Sponsored

Sponsored

Readings from Tron’s Moving Average Convergence/Divergence (MACD)
indicator—which measures trend direction and potential price
reversals—indicate the possibility of a continued decline. At press time,
TRX’s MACD line (blue) sits below the signal line (orange) and is trending
toward the zero line.

When the MACD line crosses below the signal line, it signals weak short-term
momentum. A further drop below the zero line confirms a downtrend, increasing
the chances of an extended decline.

Read More: How To Buy TRON (TRX) and Everything You Need To Know Tron Price
Analysis. Source: TradingView

If demand for TRX continues to weaken, its price may breach the support line,
potentially falling to $0.13. However, if market sentiment shifts and demand
for TRX strengthens, the price could break past resistance, aiming for its
recent high of $0.17.

Best crypto platforms in Europe | September 2024

YouHodler Explore

Wirex App Explore

M2 Explore

Coinbase Explore

BYDFi Explore

Best crypto platforms in Europe | September 2024

YouHodler Explore

Wirex App Explore

M2 Explore

Coinbase Explore

BYDFi Explore

Best crypto platforms in Europe | September 2024

YouHodler

Wirex App

M2

Coinbase

BYDFi

Trusted

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for
informational purposes only and should not be considered financial or
investment advice. BeInCrypto is committed to accurate, unbiased reporting,
but market conditions are subject to change without notice. Always conduct
your own research and consult with a professional before making any financial
decisions. Please note that our Terms and Conditions , Privacy Policy , and
Disclaimers have been updated.

============= Итог: 2,8660 ; Информационные технологии#Информационно-коммуникационные технологии #Информационные технологии и телекоммуникации#Базы данных #Публичная база транзакций#Блокчейн#Криптовалюта 2,8641 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Блокчейн


Copyright © 2007-2024 ООО «RelTeam»