Quick Highlights:

  • TRX drops 1.65%, now at $0.2775

  • Risk of falling to $0.2629 support

  • Derivatives market shows more short positions

📉 TRX Price Faces Bearish Reversal

Tron (TRX) is falling again after a short rally. On Friday, it dropped 1.65%, after gaining 2.57% the day before. Right now, TRX trades at $0.2775.

This price drop comes as the crypto market weakens. TRX is now moving back toward a key support near $0.2629, the 50-day EMA.

📊 TRX Price Chart Update

  • TRX failed to stay bullish, even after three green candles.

  • The daily chart shows a bearish trend starting again.

  • Price is now below $0.28, a strong resistance area.

The RSI indicator is also falling. This shows weak buying power and a possible hidden bearish signal.

🔍 Support to watch:

  • $0.2629 (50-day EMA) – very important level

  • EMAs (50-, 100-, 200-day) are still bullish, offering long-term support

If TRX closes above $0.2806, it may move back up to $0.30, the 50% Fibonacci level.

📉 Derivatives Market Turns Bearish

  • Open interest down 1.28%, now at $264M

  • Funding rate turns negative (-0.0005%)

  • More short positions than long

  • $908K in long liquidations and $607K in short liquidations

The long/short ratio is 0.8793, meaning more traders are betting on the price going down.

🔮 What’s Next for Tron?

If bearish pressure stays strong:

  • TRX could drop to $0.2629

  • If it breaks below that, more downside could follow

But if TRX closes above $0.2806, bulls may aim for $0.30

Disclaimer: This article is for informational use only. It does not offer financial advice. Always do your own research before making crypto investments.


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