TRON Stays Stuck Under Resistance Amid Ongoing Selling Pressure
Descending Channel Dominance: TRX price action is governed by a descending channel, indicating a bearish trend with repeated failures at resistance levels, confirming continued selling pressure.
Compression Near Support: The price is approaching the lower boundary of the channel, creating a pressure area that reflects indecision, with risks of further declines if resistance is not broken.
Weak Rebound Confirmation: A recent modest rebound from $0.27 to $0.278 has stalled, with increased volume fading quickly, suggesting that the move lacks strong buying support and is merely corrective.
Structural Bias Towards Downside: The overall technical structure favors continued downside pressure, with the focus on how TRX behaves near support levels, as repeated tests may heighten their significance.
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