Massive Sell Wall May Dampen TRX’s Price Potential

Tron (TRX) experienced a price dip, falling 1.26% over the past 24 hours to close at $0.2441. However, a significant sell wall of 10.45 billion TRX, averaging around $0.2781, presents a major obstacle to further price growth. This resistance arises from numerous traders who have placed sell orders strategically at that level. If the price reaches or surpasses this point, many holders are prepared to sell, potentially creating a ceiling effect and hindering price increases.