Tron’s Relative Strength Index (RSI) was overbought at press time TRX’s metrics and market indicators strongly favored the bears Tron’s [TRX] price action of last week was extremely sluggish, as it registered negative growth. New data from CryptoQuant revealed that the upcoming days might be even worse, as TRX’s RSI was in an overbought position. […]
. Furthermore, Santiment’s chart revealed several more metrics that indicated a price fall.
For instance, TRX’s development activity went down over the last week. TRX’s volume also followed a similar path and declined.also failed to gain interest from the derivatives market as its Binance funding rate was consistently low.Not only the metrics, but quite a few market indicators also supported the bears.The 50-day Exponential Moving Average was also considerably above the 20-day EMA , further increasing the chances of a downtrend.
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