World economic uncertainty continues to shape cryptocurrencies as geopolitical tensions between the main economies intensify. Tron (TRX) has demonstrated resilience in the midst of market fluctuations, maintaining price levels of around $ 0.26 despite the volatility of the wider market, with its stablecoin ecosystem that expands significantly as merchants seek stability during uncertain economic conditions.
TECHNICAL ANALYSIS
- TRX rose from $ 0.261 to reach its maximum point at $ 0.268, which represents a range of 0.008 (3.07%), according to the technical analysis data model of Coindesk Research.
- The price of the action formed a clear ascending channel with a strong volume support at the level of $ 0.265.
- The notable volume greater than 125 m occurred during the period 00: 00-02: 00.
- An advance of the resistance occurred at $ 0.264, followed by consolidation above this new support level.
- The final hours showed profits with a setback at $ 0.264, even maintaining a gain of 1.3%.
- The last hour saw a significant downward pressure with a 0.82% drop of $ 0.266 to $ 0.263.
- Descending channel formed with notable volume peaks at 05:12, 05:21 and 05:28.
- The sales pressure exceeded 8-11 m in volume at the key points.
- The critical support breakdown occurred at $ 0.264 around 05:28.
- The last 15 minutes showed an attempt to stabilize with a decreasing volatility.
- The price could not claim the level of $ 0.264, which suggests a continuous bearish feeling in the short term.
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