Key Takeaways
Is TRX fundamentally weak?
Network Activity and Exchange Balances showed no panic selling, leaving room for a potential short-term recovery.
What does the relative strength of TRX/BTC imply?
TRX/BTC gained while other leading assets’ BTC pairs fell, showing relative TRON resilience. However, investors should remain cautious.
TRON [TRX] dropped to a swing low of $0.30 on the 11th of October, falling 10.98% during Friday’s sell-off.
The Coin Days Destroyed (CDD) showed little onchain TRX movement, meaning the price movement was driven mostly within exchanges. This idea is supported by reports that tokens not listed on centralized exchanges didn’t crash as hard.
Whatever the exact reason that drove such a violent dump for altcoins, holders and survivors must make their next plans.
TRX holds ground while peers bleed
Source: CryptoQuant Insights
In a post on CryptoQuant Insights, analyst CrazzyBlockk observed that TRON was an exception during the severe, w
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Author: Akashnath S
