Good evening, friends～ Brother Yang is here to discuss the market trends of TRX on the night of the 5th. Those interested in this market situation can pay more attention.
From a technical perspective, the MACD hourly chart shows positive signals, with the histogram above the zero line expanding, indicating that the relevant momentum is strengthening. In terms of trends, the upward trend line since March remains stable; if it can break through the 0.325 position, it may advance to the 0.33-0.34 range.
In addition, the recent positions of large holders have increased by 9.59% over the past month, and the number of long-term addresses has grown by 38.21%, indicating a certain accumulation trend. However, it is important to note that TRX-related income has recently reached a four-year low, with total trading income of only 114,000 USD in the past day, which needs attention.
Overall, the short-term outlook is moderately positive, but one should also be cautious of possible adjustment risks. For operations, one can refer to: a pullback near 3.0200-3.0500, with the initial target at 3.0900, and further attention can be given to around 3.1500. Be sure to manage risks well and approach market fluctuations rationally～
If anyone has thoughts, feel free to discuss in the comments section. The above is just a personal analysis for reference～
