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- TRX volatility hits 3-month lows, signaling potential price movement.
- Buyers dominate Spot and Futures markets, maintaining strong demand.
- Market cooldown suggests TRX could break $0.34 and target $0.37.
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Tron [TRX] is displaying early signs of stability after a recent dip below $0.3, trading steadily between $0.33 and $0.34. The altcoin’s low volatility and continued buyer dominance in both Spot and Futures markets suggest a cooling phase that could precede a bullish breakout.
Volatility Hits July Lows
TRX’s Daily Volatility Percent has fallen from 10% in mid-July to under 1%, according to CryptoQuant. This volatility compression often signals an upcoming major price move. Staying above its two-month moving average, Tron indicates buyer control is holding strong, despite lower trading fluctuations.
Buyer Dominance Persists in Spot and Futures Markets
Spot Netflow data from CoinGlass shows TRX at -$5.86 million, suggesting higher outflows and continued Spot buyer strength. Futures Taker CVD has remained green over the past week, highlighting that investors are opening new positions and reinforcing demand. Perpetual volume has consistently stayed around $63 million for four days, confirming that mid-term holders are maintaining their stance while short-term speculators step back.
Cooling Phase Signals Potential Bullish Reversal
CryptoQuant’s Tron Spot Volume Bubble Map reflects a market cooldown, implying a gradual formation of a local bottom. With selling pressure fading and momentum stabilizing, TRX appears well-positioned for new investment. Analysts suggest that if current conditions persist, Tron could break out of its $0.34 resistance and target $0.37. Conversely, a return of selling pressure could push the price down to $0.32.
Tron’s current market dynamics—low volatility, strong buyer presence, and a cooling Spot market—indicate a potential bullish reversal in the near term. Investors should watch for renewed trading activity, which could trigger a breakout and offer entry opportunities for mid-term gains.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Ethereum Eyes $6K: Exchange Outflows Signal Potential Supply Squeeze
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