Tron (TRX) Price Decline Signals A Downtrend After Seven Months
Monday, 25 March 2024, 10:30
Tron Price Downtrend Begins
Tron price is currently facing a confirmed downtrend after a period of stability, signaling a likely continuation of decline. The ongoing bearish trend has impacted the crypto asset's growth and network user base, with a decrease in weekly users and TRX supply awaiting a profit trigger.
Tron Weekly Users
- Weekly average users declined by 10% from 5.79 million to 5.25 million.
Additionally, the Ichimoku Cloud's red signal over the last 48 hours confirms the downtrend, setting TRX on a path towards potential further decline. Tron's price may test the support level of $0.1123 in the near future.
TRX Price Prediction
- If stable, TRX could observe consolidation and move sideways, potentially breaching $0.1219 to invalidate the current bearish outlook.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.