TRON (TRX) remains in a stagnant phase, refusing to make any kind of momentum for an upward run despite a number of positive developments that, in many cases if not all, should have helped trigger a significant price movement.<\/p>\n
Let\u2019s consider this summary:<\/p>\n
TRON\u2019s seven-day jump was less than 2%
\nDuring the last 30 days, TRX has already lost 12% of its value
\nTron blockchain enjoys a significant boost in its stablecoin inflow<\/p>\n
Instead, the asset continues to consolidate within a narrow range and is not showing any signs of immediate recovery.<\/p>\n
According to the latest information provided by Coingecko<\/a>, at the time of this writing, TRX is trading at $0.053957.<\/p>\n It only managed to climb by 1.6% during the last week although it is nursing an increase of 6.3% over the last 14 days.<\/p>\n TRON, currently the 17th largest crypto asset in terms of overall valuation with a market cap of $4.97 billion, has already gone down by more than 12% on its month-to-date (MTD) performance.<\/p>\n Not even the news of its mother platform registering a massive stablecoin inflow<\/a> was enough to make the asset push its price to higher levels.<\/p>\n Tron has seen significant USDT inflows over the past 2 weeks. In total, over $1 Billion of USDT have entered the chain pic.twitter.com\/bbB6XRruvi<\/a><\/p>\n \u2014 DefiLlama.com (@DefiLlama) December 1, 2022<\/a><\/p>\n Using Twitter, pseudonymous DeFi Llama shared that the Tron decentralized platform observed an inflow of $1 billion USDT for the past two weeks.<\/p>\n The most notable date during the said time frame was November 18 when the blockchain registered its highest stablecoin inflow<\/a>. Meanwhile, November 24 and 28 were the other dates when the network experienced spikes in the particular department.<\/p>\n At a quick glance, this development<\/a> meant that investors are taking action and are showing tremendous trust for the project.<\/p>\n Skeptics, however, were quick to assume that might not have been the case and that Tron founder Justin Sun was behind all of it in his attempt to pump liquidity for TRX.<\/p>\n Nonetheless, this didn\u2019t help Tron\u2019s crypto asset as it continues to struggle in finding its groove to break out of its slump to surge in value.<\/p>\n Basing on the crypto\u2019s four-hour chart, it could be noticed that its Awesome Oscillator (AO) was pegged to be at 0.00045.<\/p>\n Such value is not indicative of a bullish or a bearish movement, therefore it would make sense to say that TRON is currently caught in a neutral momentum.<\/p>\n Source: TradingView<\/p>\n Meanwhile, the Directional Movement Index (DMI) suggests there is a strong directional push that is going in the way of buyers.<\/p>\n However, buyers may not hold their advantage for a long time as indicated by the cryptocurrency\u2019s Average Directional Index (ADI).<\/p>\n As for forecasts for TRX, Coincodex<\/a> says the asset will experience a slight price decline within the next five days and will change hands at $0.053338 by December 9. <\/p>\n Come January 3, the digital coin will possess a lower trading price of $0.039659.<\/p>\n\n TRX total market cap at $4.8 billion on the weekend chart | Featured image from Zipmex, Chart: TradingView.com<\/a><\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n TRON (TRX) remains in a stagnant phase, refusing to make any kind of momentum for an upward run despite a number of positive developments that, in many cases if not all, should have helped trigger a significant price movement.<\/p>\n Let\u2019s consider this summary:<\/p>\n TRON\u2019s seven-day jump was less than 2% Instead, the asset continues to consolidate within a narrow range and is not showing any signs of immediate recovery.<\/p>\n According to the latest information provided by Coingecko<\/a>, at the time of this writing, TRX is trading at $0.053957.<\/p>\n It only managed to climb by 1.6% during the last week although it is nursing an increase of 6.3% over the last 14 days.<\/p>\n TRON, currently the 17th largest crypto asset in terms of overall valuation with a market cap of $4.97 billion, has already gone down by more than 12% on its month-to-date (MTD) performance.<\/p>\n Not even the news of its mother platform registering a massive stablecoin inflow<\/a> was enough to make the asset push its price to higher levels.<\/p>\n Tron has seen significant USDT inflows over the past 2 weeks. In total, over $1 Billion of USDT have entered the chain pic.twitter.com\/bbB6XRruvi<\/a><\/p>\n \u2014 DefiLlama.com (@DefiLlama) December 1, 2022<\/a><\/p>\n Using Twitter, pseudonymous DeFi Llama shared that the Tron decentralized platform observed an inflow of $1 billion USDT for the past two weeks.<\/p>\n The most notable date during the said time frame was November 18 when the blockchain registered its highest stablecoin inflow<\/a>. Meanwhile, November 24 and 28 were the other dates when the network experienced spikes in the particular department.<\/p>\n At a quick glance, this development<\/a> meant that investors are taking action and are showing tremendous trust for the project.<\/p>\n Skeptics, however, were quick to assume that might not have been the case and that Tron founder Justin Sun was behind all of it in his attempt to pump liquidity for TRX.<\/p>\n Nonetheless, this didn\u2019t help Tron\u2019s crypto asset as it continues to struggle in finding its groove to break out of its slump to surge in value.<\/p>\n Basing on the crypto\u2019s four-hour chart, it could be noticed that its Awesome Oscillator (AO) was pegged to be at 0.00045.<\/p>\n Such value is not indicative of a bullish or a bearish movement, therefore it would make sense to say that TRON is currently caught in a neutral momentum.<\/p>\n Source: TradingView<\/p>\n Meanwhile, the Directional Movement Index (DMI) suggests there is a strong directional push that is going in the way of buyers.<\/p>\n However, buyers may not hold their advantage for a long time as indicated by the cryptocurrency\u2019s Average Directional Index (ADI).<\/p>\nTRON Performs Well In Stablecoin Inflow Last Month<\/h2>\n
TRX In Neutral Stance<\/h2>\n
\nDuring the last 30 days, TRX has already lost 12% of its value
\nTron blockchain enjoys a significant boost in its stablecoin inflow<\/p>\nTRON Performs Well In Stablecoin Inflow Last Month<\/h2>\n
TRX In Neutral Stance<\/h2>\n