Despite updates regarding liquidity staking, TRX’s price was declining. A few of the metrics were in the buyers’ favor while the market indicators were bearish. Justin Sun, the founder of TRON [TRX] stated that the TRON foundation announced the upcoming launch of liquid staking, as outlined in TIP467. With the launch of this new feature, […]
, TRX’s price decreased by more than 1.3% in the last 24 hours, and at the time of writing, it was trading at $0.06141 with a market capitalization of over $5.6 billion. A few of the on-chain metrics also raised concerns for TRX.’s volume decreased considerably during the last week. The one-week price volatility declined, minimizing the chances of an unprecedented surge.revealed that TRX’s market dominance also declined by 20% during the last seven days.
TRX also managed to gain interest from the derivatives market as its Binance funding rate registered an uptick.TRON’s daily chart suggested that after a week-long bullish market, the bears were bucking up. The Relative Strength Index registered a downtick and was heading toward the neutral mark.’s Chaikin Money Flow also went the same way, further increasing the chances of a downtrend in the coming days.
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