Source of BOSS Wallet data, real-time price of TRON. The latest price of TRX TRON today is $0.19353, up 2.09%, with a transaction volume of $981 million.
Based on the analysis of the candlestick chart, the current trend is downward. It has risen significantly compared to 06:00 and has fallen compared to 00:00. Rising prices but falling trading volumes usually indicate that the market's upward momentum is weakening and the number of buyers is decreasing.
The price increase may be caused by a lack of selling, which is considered a "volumeless increase". In this case, the price may fall back or go sideways in the future. Due to the lack of trading volume support, the price increase may be difficult to sustain, and we need to be alert to the risk of price decline at a high level.
Investors should pay attention to whether the trading volume can keep up with the price increase and whether there is new buying intervention. The trading volume decreases, the price rises, and the upward momentum weakens. The Williams indicator shows that now is the time without overbought and oversold. The trading volume has decreased recently, and the trading volume is less than the previous few hours. The price rises and the trading volume decreases: the upward momentum weakens.
The upward momentum has weakened. It is recommended to remain on the sidelines, pay attention to changes in trading volume, and guard against market fluctuations.
The above content is for reference only and does not constitute investment advice.