- TRON looks bearish on both price action and technical indicators.
- The steady ascent in active addresses and the purchases from World Liberty Financial was not enough to keep the sellers at bay.
The price outlook for TRON [TRX] was bearish on the daily timeframe. Technical analysis showed momentum and buying pressure were waning.
The Trump-linked World Liberty Financial’s purchase of an additional $2.6 million worth of TRON tokens did not ease the bearish fears.
Source: Arkham Intelligence
The Bitcoin [BTC] price slump over the past 24 hours pushed TRX below a key support level. AMBCrypto examined the price action to understand where buyers might make a comeback.
