TRX is under bearish pressure as it trades within a daily bear flag pattern, nearing a potential breakdown. The cryptocurrency is experiencing increased long liquidations, indicating stress on leveraged bullish positions. TRX is trading near session lows, with weak buyer conviction and steady intraday selling.
The price movement remains pressured, with no significant momentum shifts observed. A daily close near $0.277 could confirm the bear flag breakdown, targeting the $0.2709 support area. Recent trading activity shows a gradual downward trend between $0.2834 and $0.2771, with moderate trading volume of approximately $550 million.
TRX Faces Bearish Pressure as Bear Flag Breakdown Looms
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