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Tron Drops...
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Coindoo

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Tron Drops 5% as Sell Pressure Surges, CVD Indicator Warns

  • Tron (TRX) has dropped 5.5% in the past 48 hours to $0.266 due to increased sell-side pressure shown in the Spot Taker CVD data.
  • The Spot CVD indicates a shift towards Taker Sell Dominance, reflecting heightened short-term selling activity.
  • Sell orders surpassing buys on the spot market may lead to further price declines if the trend continues.
  • While the broader crypto market is bullish, Tron's weakness in order flow emphasizes the significance of monitoring volume dynamics alongside price levels.

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