Trading volume steady amid price drop: Tron, with a trading volume of 1.35 billion USD, reflects substantial market activity despite a significant price drop exceeding 33% from its all-time HIGH of 0.4407 USD. This indicates sustained interest among investors and traders in the current cryptocurrency landscape.
Bearish outlook with support challenges: Bearish signals, including a nearing SMA crossover and a declining RSI, suggest declining sentiment. Tron must hold its price above 0.30 USD to prevent costly declines to 0.250 USD or lower. Market watchers speculate on TRX’s chances of reaching 1 USD, needing a 234.67% rise.