TRX Enters Fresh Buy Zone as Bullish Momentum Builds, Says CryptoQuant Analyst

6 hours ago 5

Rommie Analytics

Tron (TRX) is showing renewed signs of strength, according to on-chain data shared by CryptoQuant analyst João Wedson.

The Buy/Sell Pressure Delta—an indicator that tracks net buying versus selling activity over a 90-day window—reveals that TRX has re-entered a buying pressure zone, marking a potential shift in market sentiment.

After a prolonged period of negative pressure, the latest data indicates that demand for TRX is once again outpacing supply, a trend typically seen during the early stages of upward price movements.

Historically, such moves have preceded significant rallies, particularly when not accompanied by signs of exhaustion or parabolic price behavior.

Wedson notes that although high buying pressure can often foreshadow local tops, TRX’s current momentum does not yet show signs of overheating. This suggests there may still be substantial upside potential ahead, with the asset remaining firmly under bullish control.

The accompanying chart shows TRX climbing out of a sell pressure range and holding above critical levels, reinforcing the case for a continued rally.

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