Summary
- Analyst Joao Wedson reported that there is potential for further rise in TRON (TRX) based on the increase in the Buy/Sell Pressure Delta indicator.
- The fact that the buying pressure has not reached its peak suggests the possibility of continuing the bullish trend.
- It was added that TRON is currently trading down 0.81% on the Binance USDT market.
An analysis has emerged suggesting that there is potential for further rise in TRON (TRX).
On the 24th (local time), Joao Wedson, a CryptoQuant analyst, stated in a report, "According to the Buy/Sell Pressure Delta indicator, the buying pressure for TRON has recently increased," adding, "The buying pressure has not reached its peak, so the bullish trend is still maintained." He further added, "There is still potential for further rise."
Meanwhile, the Buy/Sell Pressure Delta is an indicator that determines which side's force is more dominant, buying or selling pressure, based on the last 90 days.
As of 11:06 AM, TRON is trading at $0.2692, down 0.81% from 24 hours ago, according to Binance USDT market.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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