In the meantime, Darkfost highlighted that the buy-sell pressure delta for Tron has fallen to a crucial level of about -0.0015. Such a drop in the buy-sell pressure delta implies that sellers are clearly losing momentum.
Looking at the TRX All-Time High chart, TRX is situated just under its historical resistance, pointing to a possible breakout. With TRX at the verge of a breakout, CryptoOnchain has two potential scenarios for the token.
While approaching its historical resistance, the expert has warned that it is crucial to remember that if the price doesn’t hold steady above the ATH and the DAA (Daily Active Addresses) begins to decline, the bullish scenario is invalid. In this scenario, the breakout might not hold, and the price might drop.
