TRON Down More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
TRON (CRYPTO: TRX) has seen a 5.8% decrease in price over the last 24 hours, continuing a negative trend with an 11.0% loss over the past week. Despite the price drop, trading volume has increased by 57.0%, while the circulating supply decreased by 0.2%, leading to a current market cap of $10.27 billion and a ranking of #16.
March 19, 2024 | 3:03 pm
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NEGATIVE IMPACT
TRON (TRX) experienced a 5.8% price decrease in the last 24 hours, with an overall 11.0% decrease over the past week. The trading volume has increased by 57.0%, and the circulating supply has slightly decreased.
The significant price decrease of TRON (TRX) over the past week, coupled with an increase in trading volume, suggests a negative short-term outlook. The decrease in circulating supply could indicate a tightening of available tokens, but the price drop dominates the narrative, leading to a negative impact assessment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100