TRX is Plummeting! 😱

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Oh Dear, What’s Going On?

Why is TRON feeling a bit… droopy?

Well, it appears TRON fancied a little tumble, hasn’t it? It used to be showing off against Bitcoin, all puffed up with pride, but then wham! Tuesday happened, and suddenly everyone started selling. It’s gone below that crucial $0.30 mark. A bit of a disaster, really. 😤

What next for this wobbly token?

Could be a bit of weekend chaos, a frantic search for a few pennies – one never knows with these things! But all the signs are pointing downwards. Any sensible chap would probably wait a few days and see if TRON pulls itself together. Don’t go rushing in, you silly sausage!

Just days after things seemed a tiny bit brighter (the 10th of October, if you must know), some busybodies at AMBCrypto noticed TRON [TRX] looking rather resilient. Foolish optimism, as it turned out.

They thought it was going to bounce back, like a rubber ball, but the bears – those grumpy creatures – had other ideas. They showed everyone who was boss.

It all started with a rather rude rejection at $0.325 on Tuesday. And over the last couple of days, this thing called ‘spot CVD’ (sounds dreadful, doesn’t it?) turned all gloomy and negative. Basically, everyone was selling, selling, selling!

And the ‘funding rates’ flipped downwards too – whatever those are! – and the ‘Open Interest’ just wobbled around like a jelly. All very bad signs. They even climbed up a bit WHILE the price went down. Can you believe it? Those cheeky speculators were betting against poor TRX! 😈

TRON Practically Doing Somersaults Below $0.3

This ‘spot taker CVD’ has been glum since August. Apparently, it means everyone who really knows what they’re doing has been selling. These ‘taker orders’ are the ones that actually move things, and they’ve been pushing the price down, down, down. A rather aggressive performance, I must say! 😠

Since August, TRX has been making lower and lower peaks. Not a good look, you see. It wasn’t a full-blown disaster, not yet, but it was a warning. Still, people kept defending the $0.30 level, which was mildly encouraging.

But it seems that defense has crumbled. TRX has now gone below $0.30! And if it closes below that level for the day, things are going to look very, very bleak indeed. The ‘RSI’ (another dreadful thing) is below 50, and those ‘moving averages’ are pointing downwards. Oh dear, oh dear.

That $0.325 level, where all the trouble started, needed to become a support. It needed to hold firm! Instead, both the price AND this ‘On-Balance Volume’ gizmo are heading south. A proper mess!

If you’re thinking of having a little wager, perhaps wait until it tries to bounce back around $0.30-$0.31. Then you might have something. If it falls apart, the next stop could be around $0.264. A small fortune lost, no doubt! 💸

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2025-10-26 04:12