Breaking

"TRON, buying pressure increases…Potential for further upside remains"

Bloomingbit Newsroom

Summary

It was reported that buying pressure on TRON (TRX) is increasing.
It was stated that the bullish trend continues as buying pressure has not peaked yet.
The analyst explained that TRON still has potential for further upside.

An analysis has suggested that there is still potential for further upside in TRON (TRX).

On the 24th (local time), joao wedson, a CryptoQuant analyst, stated in a report, "According to the Buy/Sell Pressure Delta indicator, buying pressure on TRON has recently increased," adding, "Buying pressure has not reached its peak yet, indicating that the bullish trend is still ongoing." He further commented, "This means there is still room for further upside."

The Buy/Sell Pressure Delta is an indicator that, based on the most recent 90 days, assesses which side—buying or selling pressure—is dominant.

As of 11:06 AM, on the Binance USDT market, TRON was trading at $0.2692, down 0.81% from 24 hours ago.

TRX