![Tron [TRX] announces the approval of No.82 committee proposal](https://i.headtopics.com/images/2023/1/20/cryptoamb/tron-trx-announces-the-approval-of-no-82-committee-tron-trx-announces-the-approval-of-no-82-committee-1616458784389447682.webp)
A look at what Tron’s newly approved proposal will do for the network. TRX regains upside as bears struggle to retain dominance but weak upside pushes investors into limbo. The Tron network just revealed a recent development that may underscore subtle but important upcoming changes. More importantly, these changes will bring some improvements that will […]
The latter kicked off this week with a sizable retracement. Nevertheless, the price managed to bounce back slightly during mid-week to its $0.06 press time price.The ongoing bullish attempts may have to encounter resistance at the 200-day MA. But, TRX’s on-chain metrics indicate low momentum for the current uptrend.
For example, the weighted sentiment metric is still within its 4-week lower range, indicating a lack of enthusiasm among investors. The same applies to socialWell, the matter is not looking much different on the volume side of things. TRX’s on-chain volume has steadily declined since mid-month and is currently approaching the lower monthly range.is up since the start of January, which means we can expect significant price moves.
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TRON investors looking for profits should target this Fib levelDisclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion TRX could trade sideways in the next few days. Development activity dropped slightly. The recent TRON [TRX] rally offered investors over 30% gains. However, the peak ushered in a price consolidation that could extend […]
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