Everyone’s watching meme coins, but has anyone noticed that $TRX has been quietly sliding all day?
Down 7.7% in 24 hours, grinding from 0.3369 to 0.3098. The 1-hour candles have barely shown a decent bounce—every uptick gets slapped back down. More importantly, open interest in futures has fallen from 104 million USDT to 88 million USDT, while the funding rate has turned negative at -0.053%. Longs are exiting and shorts are piling in. When an established large-cap coin falls this hard, it’s not just sentiment—it’s money leaving.
Meanwhile, $BTC has stayed virtually flat around 77,600, which suggests TRX has a problem of its own and isn’t being dragged down by the broader market.
My take: bearish in the short term. 0.318 is resistance on any bounce, so don’t rush to buy the dip unless it can reclaim that level. If 0.3098 breaks decisively, the next stop is the psychological 0.30 level. On the other hand, if it reclaims 0.318 on strong volume, I’ll admit I was wrong.
Even the stablecoin big brother can lose momentum one day. Do you think 0.30 will hold?
#TRX #波场 #山寨币 #Futures
Down 7.7% in 24 hours, grinding from 0.3369 to 0.3098. The 1-hour candles have barely shown a decent bounce—every uptick gets slapped back down. More importantly, open interest in futures has fallen from 104 million USDT to 88 million USDT, while the funding rate has turned negative at -0.053%. Longs are exiting and shorts are piling in. When an established large-cap coin falls this hard, it’s not just sentiment—it’s money leaving.
Meanwhile, $BTC has stayed virtually flat around 77,600, which suggests TRX has a problem of its own and isn’t being dragged down by the broader market.
My take: bearish in the short term. 0.318 is resistance on any bounce, so don’t rush to buy the dip unless it can reclaim that level. If 0.3098 breaks decisively, the next stop is the psychological 0.30 level. On the other hand, if it reclaims 0.318 on strong volume, I’ll admit I was wrong.
Even the stablecoin big brother can lose momentum one day. Do you think 0.30 will hold?
#TRX #波场 #山寨币 #Futures
