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Coin Edition 2025-06-18 20:30:00

TRON and Solana: Bearish Sentiment Rises, Will Key Support Levels Hold Strong?

TRON and Solana: Bearish Sentiment Rises, Will Key Support Levels Hold Strong?

TRON (TRX) shows strong support at $0.26–$0.27, where over 14 billion TRX are held. A surge in long liquidations has caused TRON’s open interest to drop by 11.21%. Solana (SOL) faces resistance between $155–$157, with support between $145–$147. The analytical platform Glassnode highlighted that TRON (TRX) has received strong support in the range of $0.26 to $0.27. More than 14 billion TRX were accumulated at this level, making it the most concentrated investor range. Nevertheless, in the area above this zone, there is a limited supply that offers fewer chances of upward mobility. The majority of positions are still concentrated below the prevailing market price, signaling caution among traders. Source: X TRON Bearish Sentiment Rises as Open Interest Declines CoinGlass data indicates an increasing bearish sentiment on the TRON derivatives market. The open interest has declined to 11.14%, with a current value of $317.27 million. The fall is mainly spurred by an increase in long liquidations, which totaled 720.09K within 24 hours, compared to 19.45K short liquidations. The imbalance has reduced the Long/Short ratio to 0.7857, indicating an increa… The post TRON and Solana: Bearish Sentiment Rises, Will Key Support Levels Hold Strong? appeared first on Coin Edition .

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