The cryptocurrency TRON (TRX) is showing a decline, dropping below the key support level of $0.333 while trading volume continues to rise.
Current TRX Prices and Trading Volume
Currently, the price of TRX stands at $0.3313, down 2.07% in the last 24 hours. Daily trading volume has increased by 1.37%, reaching $885.36 million, indicating continued market interest.
TRON's Fundamental Metrics
The total value locked (TVL) has decreased to $6.009 billion, and the network revenue has dropped from $6.68 million to $5.33 million. The aggregate transaction volume fell from $9.65 billion to $4.51 billion. If these metrics do not recover, they may hinder price growth.
Technical Analysis and Forecasts
Current technical analysis indicates a bearish trend, as the price is below $0.333. If TRX remains below this level, further declines to $0.319 and $0.297 are plausible. The $0.300 support level may also be tested. Meanwhile, sustained growth in TVL and revenue could indicate a return of buyers.
TRON continues to face market pressure, and its ability to hold above critical support levels remains in question. The existing fundamental and technical indicators suggest a need to monitor further developments.
