In accordance with Cryptofrontnews, TRX continues to trade within a bearish structure as a daily bear flag nears confirmation. Long liquidations dominate recent activity, showing increased stress on leveraged bullish positions. TRX trades near session lows, reflecting steady intraday selling and weak buyer conviction. The price movement remains pressured with no strong momentum shifts visible across the latest session. CryptoPulse noted that TRX continues to move inside a bear flag on the daily chart, with the ascending channel showing low momentum and corrective movement. A daily close near $0.277 may confirm the bear flag breakdown, targeting the 0.2709 support area. Liquidation data shows long liquidations remain dominant, with clusters forming through November. Short liquidations remained smaller and more contained. The 24-hour chart shows a gradual downward trend between $0.2834 and $0.2771, with moderate trading volume around $550 million.
TRX Faces Bearish Pressure as Daily Bear Flag Nears Breakdown
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Summary
TRX remains under a bearish trend as the daily bear flag shows signs of breakdown. Price movement stays near session lows with steady selling pressure and weak buying interest. Liquidation data shows longs are being unwound, especially through November. The daily chart shows TRX inside a bear flag, with a close near $0.277 likely to target $0.2709. Volume remains moderate at around $550 million as the price movement continues to drift lower.
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