TRX Token Slides 2.18% as Bearish Sentiment and High Trading Volume Shape Market Outlook
TRXUSDT experienced a 2.18% price decline over the past 24 hours, opening at 0.2849 and currently trading at 0.2787 on Binance. The drop is primarily attributed to sustained bearish sentiment, evidenced by a five-day downward trend, increased short-selling interest in derivatives markets, and technical indicators such as MACD and RSI signaling selling pressure. Despite Tron Inc.’s recent purchase of additional TRX and notable on-chain transfers, including 755.57 million TRX from Binance to FarFuture, these buy-ins have not offset the ongoing market sell-offs, such as the 8 million TRX transfer from WhiteBIT. Trading activity remains high, with 24-hour volume on Binance at $840.73 million and the broader TRX market showing robust engagement, a market capitalization around $26.27 billion, and a circulating supply of approximately 94.72 billion tokens.
$TRIA based on the data you shared:
TRIA/USDT – Bullish Reversal Setup | Momentum Building for Breakout 🚀
TRIA is showing early strength after holding above the 0.020 support zone and printing higher lows on lower timeframes. Price is reclaiming short-term structure with rising volume, suggesting accumulation before a push toward resistance levels.
With liquidity increasing and market cap stabilizing, a break above 0.026 resistance could trigger a strong continuation move.
📈 Long Entry
Entry Zone: 0.0238 – 0.0245
🎯 Targets
Target 1: 0.0260 (recent resistance / MA cluster)
Target 2: 0.0285 (breakout level)
Target 3: 0.0315 – 0.0320 (swing high extension)
🛑 Stop Loss
SL: 0.0218 (below structure support & liquidity sweep zone)
🔑 Key Levels
Support: 0.0220 / 0.0205
Resistance: 0.0260 / 0.0285 / 0.0320
Volume increasing → bullish confirmation
Holding above 0.024 = strength
📊 Trade Idea
Buy dips near support and scale out at targets. A clean break above 0.026 can accelerate momentum quickly.
Risk management recommended ⚠️
Not financial advice.
If you want, I can also format this in Twitter/X style, Telegram signal style, or short scalping version.
#ADPWatch #BitcoinDropMarketImpact
My honest thoughts on Optimism buybacks:
Optimism passed an 84% vote to use 50% of Superchain revenue for OP buybacks.
Price stayed flat on announcement.
Here's what's actually happening:
What They're Doing
> Optimism earns revenue from Superchain chains (Base, Unichain, World Chain all pay fees)
> Last 12 months: $17.6M revenue
> New plan: Use 50% ($8.8M) to buy back OP tokens monthly
> Starts February 2026
Where the Money Comes From
> Base (Coinbase's L2) generates 87% of all Superchain revenue
> Optimism collected $17.6M total last year from all Superchain chains
> Most of this came from Base's fees
> Base keeps majority of what it earns, pays Optimism a percentage
> So Optimism built the technology but Base captures most of the value
The Execution Problem
> Foundation wants to use private OTC deals instead of buying on DEXs. Their reason: "DEX liquidity isn't sufficient"
> But critics point out: If your own DeFi ecosystem can't handle $700K monthly buys, that's a bad signal
Why Major Delegates Voted Against
> GFXlabs: "Financially self-cancelling and value destructive"
> Their logic: Don't buy back tokens while you're still issuing new tokens for grants
> Better option: Use revenue to pay for grants directly, stop issuing new tokens
> Worried OTC lacks transparency - could be exit liquidity for insiders
The Market Response
84% governance approval = 0% price increase
OP is down 79% over the past year
Concept is right: tie token to revenue
Execution has issues: OTC opacity, continuing to issue tokens while buying back
Foundation promised to move on-chain in 6 months - we'll see if they follow through
Market update: $HOOD is under pressure after a strong intraday drop of around 10%, with price now trading near 77.00 and testing short-term support. The rejection from the 86.00 area shows sellers are still in control, and unless buyers step in quickly, more downside toward lower support zones is possible. For now, momentum remains weak, so patience and proper risk management are important.
Trade Setup
Entry: 77.20 – 77.60
Target 1: 75.80
Target 2: 74.90
Target 3: 73.70
Stop Loss: 78.40
{future}(HOODUSDT)