Key Takeaways

What do current market conditions suggest about TRX’s price direction? 

 With low volatility and buyer dominance, TRX is positioned for a potential breakout toward $0.37.

What signals indicate Tron may be forming a local bottom?

Declining volatility, exhausted selling pressure, and stable Spot activity suggest TRX is entering a cooling phase before a possible rally.

Since bouncing back from a dip below $0.3, Tron [TRX] has traded within a thin margin and remains stuck between $0.33 and $0.34 range. 

In fact, at press time, Tron was trading at $0.339, after moderately rising by 0.74% on daily charts. 

Amid this market slowdown, the altcoin’s volatility has dipped as buyers step in. 

TRX volatility hit July lows 

According to CryptoQuant, TRX’s Daily Volatility Percent has declined from 10%  peaks in mid-July to below 1%.

This continued decline reflects volatility compression, which usually precedes significant moves to either upside or downside. 

Amid this decline, TRX has remained above the 2-month Moving Average, suggesting buyers are currently dominating the market. 

In fact, buyers have dominated both the Spot and the Futures markets. 

At the time of writing, Spot Netflow held within the negative zone at -$5.86 million as per CoinGlass data. Often, a negative Netflow indicates higher outflows, a clear sign of buyer Spot dominance.