Over the past 180 days, the Sharpe Ratio for TRX has consistently indicated periods of high trading risk, aligning with historical peaks. This metric is crucial as it highlights times when volatility and risk associated with TRX are elevated.
Additionally, the 30-day percentage change in TRX price has entered a downtrend, with negative values, which could signal a potential price correction. This movement is important for investors and traders to monitor as it may impact short-term strategies.
Another relevant factor is the low Spot trading volume on exchanges. Even when analyzed by regions (ASIA, EU, US), we observe a historical decline in trading on centralized exchanges. This reflects a weakening interest and market activity around TRX.
While TRX remains a promising project, these factors indicate we are experiencing a turbulent period, similar to what many altcoins are currently facing in the market.
Written by joaowedson
