Regarding the long-term performance of TRX, opinions vary widely. But from objective data, although TRX's gains over the years haven't been as dazzling as some other cryptocurrencies, it has a notable characteristic——it has basically not formed a systematic long-term trapped position. This in itself reflects its resilience during the switch between bear and bull markets.



The current situation is worth paying attention to. The monthly chart of TRX is about to show a death cross signal, which is the first time in many years of history. If a correction really occurs, there is at least a buffer zone at the initial support levels. In other words, the decline might have some room to fall, but it won't be an abyss.

The key question is——whether this round of bear market can be endured. From historical cycles, as long as it holds on, breaking through previous highs is not really difficult. The technical death cross warning indeed requires caution, but for traders optimistic about the long-term logic, this might be the moment to observe its true resilience.
TRX-0.84%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)