Tron’s TRX token experienced a sharp selloff over the past day, slipping from 27.7 cents to 27 cents on a surge in trading volume.
This decline came amid widespread market turbulence driven by geopolitical uncertainties and shifting investor sentiment, which contributed to increased selling pressure.
In the last hour of trading, however, TRX showed signs of resilience by bouncing back slightly after falling below the 27-cent level.
Technical Summary
- TRX’s price dropped from $0.277 to $0.270 over 24 hours, closing around $0.269, with trading volumes spiking to 156.7 million, reflecting strong selling interest.
- The token traded between $0.268 and $0.278, showing notable volatility.
- Elevated volumes suggest that bearish momentum could continue in the near term.
- The quick recovery above the $0.27 support level, coupled with sustained trading activity, may help stabilize prices and limit further losses.
