TRON Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
TRON (CRYPTO: TRX) has seen a price decrease of 3.05% in the last 24 hours, contrasting with a 1.0% uptrend over the past week. The volatility is depicted through Bollinger Bands in the provided chart. Trading volume has decreased by 16.0%, and the circulating supply has slightly dropped by 0.06%. TRX's market cap ranks it at #11, valued at $9.24 billion.
November 27, 2023 | 7:00 pm
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NEGATIVE IMPACT
TRON (TRX) experienced a 3.05% price drop over the last day, despite a weekly gain of 1.0%. Trading volume is down by 16%, and the circulating supply has marginally decreased.
The price drop of 3.05% in TRON is significant in the short term and could lead to bearish sentiment among investors. The decrease in trading volume suggests lower market activity, which might contribute to price instability. The slight decrease in circulating supply is typically a neutral to positive signal, but it seems overshadowed by the price drop and reduced volume in this context.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100