๐Ÿ”ด

๐ŸŸฉ๐Ÿ‘‰ The sell pressure on TRX today is primarily due to several key factors:

1๏ธโƒฃ TRX is currently near a critical resistance level around $0.35, which has historically been a strong barrier where traders often take profits, leading to short-term selling pressure and price pullbacks. Technical indicators show overbought conditions, signaling some traders are locking in gains to avoid potential near-term corrections.

2๏ธโƒฃ Whale activity has contributed to selling pressure, with large holders offloading significant amounts of TRX in recent weeks. For example, whale wallets sold approximately 390 million TRX in July, and notable outflows to exchanges in August have further increased supply on the market.

3๏ธโƒฃ Profit-taking is also encouraged by high relative strength index (RSI) values above 70, suggesting the market is overbought and susceptible to pullbacks.

4๏ธโƒฃ Despite these short-term selling pressures, TRON's ecosystem fundamentals remain strong, including its dominant role in stablecoin (USDT) transactions, institutional interest boosted by a Nasdaq listing, and deflationary tokenomics with 40 billion TRX burned so far in 2025.

๐ŸŸข

๐ŸŸง๐Ÿ‘‰ In summary, the sell pressure today is mainly driven by technical resistance near $0.35, profit-taking by traders amid overbought conditions, and selling from whale holders, though longer-term prospects remain cautiously optimistic if these resistance levels are broken .

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