TRON Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
TRON's (CRYPTO: TRX) price has decreased by 3.37% over the past 24 hours to $0.09, continuing its downward trend over the past week of -3.0%. The trading volume for the coin has risen 2.0% over the past week, while the circulating supply has decreased 0.36% to 89.02 billion. The current market cap ranking for TRX is #11 at $7.67 billion.
October 06, 2023 | 3:00 pm
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NEGATIVE IMPACT
TRON's price has decreased by 3.37% over the past 24 hours, indicating a short-term bearish trend. The increase in trading volume and decrease in circulating supply could potentially lead to further price volatility.
The decrease in TRON's price, coupled with an increase in trading volume and decrease in circulating supply, indicates a bearish trend. The increased trading volume suggests a higher level of interest in the asset, while the decreased supply could potentially lead to increased price volatility due to supply-demand dynamics.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100