The crypto market prospered over the past week, with ATOM, HNT, LUNC, and LUNA capturing double-digit gains. Top-ranked TRX couldn’t match those gains. Tron didn’t grow last week, according to Coinmarketcap.
Tronscan data shows Tron’s essential metrics dipped. New blockchain reports per day lowered 5% in a week. 126,644 by September 5.
Total Tron holders turned down by 1% over the past week, with the ranking at 71,721,632 holders. In the reviewed period, overall Tron transactions fell 11%. By September 12, network transactions totaled 4,723,396.
On the network’s USDD stablecoin, algorithmic network participants won’t develop during review process. Tronscan data shows USD holder was 121,192 on September 12.
TRX traded at $0.06362, with no remarkable price movements in the previous week. On September 8, the TRX crypto hit a low of $0.060 before bulls pressed it to $0.063.
Throughout this journal, TRX fell 78.80% from its $0.3004 high. TRX has traded in a tight range since August. Tron’s falling investor liquidity increased selling pressure.
The token’s RSI was 40, below neutral-50. Money Flow Index (MFI) was 47. The CMF (Chaikin Money Flow) showed weakened purchasing power for TRX, with its vibrant line at -0.08.
Last month’s sentiment was negative due to the falling TRX price. This publication’s metric was -0.651%. Tron’s bearish tendencies highlight more decline. Let’s see what price does next.