Despite DeFi Pivot, Tron (TRX) Just Formed This Harrowing Technical Signal

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Tron has dropped in tandem with the rest of the crypto market over the past week. The prominent altcoin has dropped around 40% from its local highs around $0.05, in fact. The cryptocurrency is up 5.5% in the past 24 hours. Unfortunately for TRX bulls, the cryptocurrency has formed a pivotal sell signal. The sell signal is a Tom Demark Sequential “9.” The Sequential is a time-based indicator that forms “9” and “13” candles when an asset has reached an inflection point in its price trend. Tron Forms Pivotal Sell Signal After Indicator Marked March Lows Popular altcoin Tron (TRX) has undergone quite the rally over the past few months as the altcoin market has undergone a bullish reversal. Against Bitcoin, the price of TRX has gained in excess of 100% in the past month. The cryptocurrency’s bull trend against Bitcoin, though, may soon be reaching a local high. The…

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