TRX (TRON) is at an interesting technical point, according to the Price Drawdown indicator from ATH, showing the percentage volatility from the all-time high. Observed behavior reveals attractive patterns over time.

The importance of the trend line since 2019

Since 2019, TRX has consistently respected an important trend line, acting as support in various market contexts. During the accumulation phase, this line is a reliable support level. In an uptrend, it serves as a catalyst for upward moves, reflecting the high symmetry of the asset.

The downtrend is less severe

Since late 2022, the Price Drawdown indicator from ATH has formed a new downtrend with a gentler slope. This indicates that TRX's decline has become less severe over time.

Current opportunity

Currently, the price of TRX is right at the support level of this trend line. History shows that these areas are strategic opportunities for long-term buy positions.