TRON’s Market Standstill: Is a Big Move Imminent?

CryptoQuant contributor Joao Wedson sheds light on the current state of TRON (TRX) market dynamics with an on-chain analysis using the Spent Output Profit Ratio (SOPR). The metric highlights a market in limbo, poised for a significant shift in direction. 1.0, the breakeven mark on SOPR, is where investors find themselves – neither gaining nor losing. This neutral state suggests a waiting game as tension builds between buyers and sellers, with the potential for a breakout either upwards or downwards.