【There’s a very unusual signal in on-chain data — TRX’s trading volume has stayed below the MA20 for three straight days, something that has only happened twice in the past three months】
The first time was the day before that fake breakout at the beginning of the month. I said something felt off back then, and sure enough, it surged and then pulled back. Now it’s happening again — coincidence?
TRX is just like this now — it’s been hovering around $ 0.3351 for almost a week, unable to break higher or fall lower. It’s up only 0.5% in 24 hours and down 0.3% over seven days, basically going nowhere. The technical picture is clear enough: 0.326 is support, 0.342 is resistance, and it’s stuck in between, unable to move.
But what I want to talk about is not that.
Everyone is talking about TRX’s narrative — Sun’s ecosystem, TRON chain TVL, staking yields... I’ve been hearing these since 2019, and it’s still the same story. Has it changed? No. But has the price collapsed? Also no. It just keeps grinding sideways.
This kind of range trading is the most exhausting. Bears don’t dare add more, afraid of getting squeezed by a sudden pump; bulls don’t dare chase, afraid of getting trapped by a fake breakout. The FNG index is 71 — market sentiment is greedy but not euphoric. Everyone is actually waiting, waiting for a reason to go up or down.
Can TRX keep running? Honestly, I don’t care whether it can sustain itself. What I care about is: what position are you in right now? If you already hold some, how long can you sit through a sideways market? If you’re not in yet, would you dare chase it after a breakout?
My current mindset is to just watch the show, with steadier hands than anyone else (trained by 2021). What about you?
The first time was the day before that fake breakout at the beginning of the month. I said something felt off back then, and sure enough, it surged and then pulled back. Now it’s happening again — coincidence?
TRX is just like this now — it’s been hovering around $ 0.3351 for almost a week, unable to break higher or fall lower. It’s up only 0.5% in 24 hours and down 0.3% over seven days, basically going nowhere. The technical picture is clear enough: 0.326 is support, 0.342 is resistance, and it’s stuck in between, unable to move.
But what I want to talk about is not that.
Everyone is talking about TRX’s narrative — Sun’s ecosystem, TRON chain TVL, staking yields... I’ve been hearing these since 2019, and it’s still the same story. Has it changed? No. But has the price collapsed? Also no. It just keeps grinding sideways.
This kind of range trading is the most exhausting. Bears don’t dare add more, afraid of getting squeezed by a sudden pump; bulls don’t dare chase, afraid of getting trapped by a fake breakout. The FNG index is 71 — market sentiment is greedy but not euphoric. Everyone is actually waiting, waiting for a reason to go up or down.
Can TRX keep running? Honestly, I don’t care whether it can sustain itself. What I care about is: what position are you in right now? If you already hold some, how long can you sit through a sideways market? If you’re not in yet, would you dare chase it after a breakout?
My current mindset is to just watch the show, with steadier hands than anyone else (trained by 2021). What about you?