Tron could see increasing selling pressure, which could lower the token’s price.
On March 8, IntoTheBlock tweeted that over 98% of Tron holders have made a profit.
When investors have such high profit margins, they may decide to sell to reap profits.
When checking Hyblock Capital’s data, it was found that a significant amount of TRX could be liquidated just below the $0.14 mark.
To assess whether the selling pressure is increasing, refer to Tron’s daily chart. The Chaikin Money Flow (CMF) indicator is showing a downward trend, indicating an increase in selling pressure.
The MACD indicator for TRX is also showing a bearish crossover, indicating a high likelihood of further price decline.
