TRON: The Rollercoaster Ride of TRX – Buckle Up! 🎢

So, TRON had this bullish momentum earlier this week, right? Then, bam! The bears showed up like they owned the place. 🙄
It was all sunshine and rainbows for TRX, but apparently, the market didn’t get the memo. Overextended? Nah, just a little confused. 🤷‍♂️

TRON [TRX] finally broke out past the five-month range high at $0.274. But, in a report from early June, they said TRON was lacking momentum and buying pressure. Shocking, I know! Who would’ve thought? 😏

Bitcoin [BTC] was strutting its stuff, moving toward $110k earlier this week, and guess what? TRX decided to tag along and rally past $0.274. But then, BTC dropped to $103.8k, and just like that, TRX bulls were left scratching their heads. Classic! 😂

Now, TRX is back in its old range (you know, the purple one). On June 10th, the CMF showed a reading of +0.08. That’s like saying, “Hey, there’s some money coming in!” But then the market-wide correction happened, and the CMF dropped below 0. Surprise, surprise! 🙃

The A/D indicator? Yeah, it’s been as stable as a wobbly table, showing heightened selling volume. And guess what? The local support zone at $0.267 is about to get tested again. Will TRON bulls defend it? Who knows! It’s all up to market sentiment and Bitcoin’s ability to stay above $100k. No pressure! 😬

Is TRX headed for a bullish phase? Or just a phase? 🤔

In a post on CryptoQuant Insights, analyst Burak Kesmeci pointed out that the Sharpe ratio, which is supposed to help identify cycle tops, shows that TRX is “still cheap.” I mean, who doesn’t love a bargain? 🤑

Values above 40 signal an overheated market. Meanwhile, 1.00 is the magic number — if the Sharpe Ratio is above 1.00, we’re usually in a bullish phase. At the time of writing, it was at 8.36. It dipped below 1 on June 7th, then jumped back above it on June 11th. Talk about a dramatic comeback! 🎉

So, it’s a sign that bullish TRX price action could be expected, but let’s not get too excited. The market isn’t overextended… yet. 😏

The daily active addresses have been slowly rising since early 2024. It’s like watching paint dry, but hey, it’s trending higher! There was a sharp spike and an equally big reset on June 6th and 7th. Just typical! 🙄

This uptrend in 2025 indicates increased adoption and demand. New address growth has been steady around the 200k-250k mark. So, there’s that! 🎈

2025-06-13 10:26

Is TRX headed for a bullish phase? Or just a phase? 🤔

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