Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• TRX attempted to reverse recent losses, but BTC weakened further. 
• Sellers gained little control while Open Interest rates dipped and steadied. 

Tron [TRX] recorded a 3% loss on 17 August after Bitcoin’s [BTC] sudden drop to $25k. The attempted recovery seen at the time of writing could face headwinds as BTC retested the $25k levels. So, the elevated uncertainty could tip Tron sellers to seek more ground. 

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Tether [USDT] was the most dominant on the Tron Network at 48%, as Ethereum’s [ETH] stood at 43%. But the impressive usage of USDT on the network has yet to set a solid rebound from the recent slump. 

Are more weekend losses likely?

TRX narrowly consolidated between $0.076 – $0.078 in the first half of August. But the elevated bearish pressure in the second half of August exposed sellers to seek more ground to $0.072.

The weak BTC and subsequent retest of the $25k level could falter the recovery seen at the time of wri

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Author: Benjamin Njiri

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