Family, come and check out the latest updates on TRX (TRON)! This afternoon, its price trend is a bit precarious, and there is considerable pullback pressure.

Recently, about $185 million in stablecoins have flowed out of the TRON chain, what does this mean? Users have gone to trade on other chains, and the practical demand for TRX has weakened, feeling a bit cold. Moreover, the total on-chain revenue has dropped to a four-year low, only $114,000 in a single day, with decreasing ecosystem activity, and selling pressure may be coming.

Looking at the technical indicators, although TRX has recently been above the 50-day moving average, the stochastic indicator has entered the overbought zone, and there is strong demand for a short-term pullback. The total value locked (TVL) has decreased by 0.53% in 24 hours, roughly $26 million has vanished, and investor confidence has noticeably weakened.

Market sentiment is also very polarized, with active addresses surging to 2.7 million in a single day, and trading volume rising to 9.4 million transactions. This is generally a good thing, but combined with the outflow of stablecoins, it may just be short-term speculation, and people are not planning to hold for the long term.

Yang has provided trading advice: short around 0.34600 - 0.34900, targeting first at 0.34100, then looking towards around 0.33500. However, I still want to remind everyone that the market has risks, and investment should be cautious! #TRX