📉TRX bearish: price down, open interest up; rebound still under pressure
Nov 9, 16:10 (Beijing time) snapshot: TRXUSDT at 0.3160, down 1.5% in 24 hours; OI around $66.2 million, up 4.5%; funding rate -0.0196%. I believe bears have the short-term edge, but the negative funding rate is also building potential for short covering. Perpetual futures data (https://seandra.ai/perp/trx)
Spot trading volume was around 18.16 million USDT over 24 hours, with aggressive buys accounting for 39.6% across the last six 4-hour candles; the 4-hour RSI was 45.2, and the 1-hour MACD histogram was negative. Buying pressure has yet to reverse the weakness. Volume and price indicators (https://finviro.com/en/crypto/trx)
Over the next 4–24 hours, the bias is for further downside: watch support at 0.3158, with 0.3144 in view if it breaks. Resistance is at 0.3174; if the hourly candle closes back above this level and holds, the short-term bearish outlook is invalidated, and a rebound could reach 0.3190.
#TRX #TRXUSDT #波场 #FuturesMarket
Nov 9, 16:10 (Beijing time) snapshot: TRXUSDT at 0.3160, down 1.5% in 24 hours; OI around $66.2 million, up 4.5%; funding rate -0.0196%. I believe bears have the short-term edge, but the negative funding rate is also building potential for short covering. Perpetual futures data (https://seandra.ai/perp/trx)
Spot trading volume was around 18.16 million USDT over 24 hours, with aggressive buys accounting for 39.6% across the last six 4-hour candles; the 4-hour RSI was 45.2, and the 1-hour MACD histogram was negative. Buying pressure has yet to reverse the weakness. Volume and price indicators (https://finviro.com/en/crypto/trx)
Over the next 4–24 hours, the bias is for further downside: watch support at 0.3158, with 0.3144 in view if it breaks. Resistance is at 0.3174; if the hourly candle closes back above this level and holds, the short-term bearish outlook is invalidated, and a rebound could reach 0.3190.
#TRX #TRXUSDT #波场 #FuturesMarket