![Tron [TRX] may be flashing signs of a potential pivot and buyers should…](https://i.headtopics.com/images/2022/9/26/cryptoamb/tron-trx-may-be-flashing-signs-of-a-potential-pivo-tron-trx-may-be-flashing-signs-of-a-potential-pivo-1574241138663383040.webp)
Tron [TRX] may be flashing signs of a potential pivot and buyers should...
TRX holders had an unfortunate streak since mid-August as the bears asserted dominance. However, their luck might be about to change. The cryptocurrency is trading at a significant discount and on top of that, there are signs that it might be headed for a bullish pivot on the charts.
Some of TRX’s on-chain metrics also pointed towards a similar conclusion. For example, demand in the derivatives markets has improved over the last few days.The funding rates observation is important because it confirms that the sentiment in the derivatives market is changing. Such observations usually go hand-in-hand with the demand in the spot market and adds to previous observations.
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