TRX Surges into Buying Zone: CryptoQuant Analyst Sees Potential for Upside

Tron (TRX) is experiencing a resurgence in bullish momentum, according to João Wedson of CryptoQuant, as evidenced by recent data revealing a shift from net selling pressure. 90-day Buy/Sell Pressure Delta reveals TRX has re-entered a buying zone, suggesting a change in market sentiment. This follows an extended period of negative pressure before demand for TRX once again surpasses supply, a trend historically linked to upward price movements. Wedson notes while high buying pressure can sometimes precede local tops, the current momentum isn’t showing signs of overheating. This suggests continued upside potential remains possible, with the asset maintaining a firm bullish grip. A chart accompanying the article demonstrates TRX breaking free from a sell pressure range and staying above key support levels, further reinforcing the case for an ongoing rally.