Tron (TRX) extends gains with an upside move of over 1% at press time on Tuesday, following the 1.88% gains recorded the previous day. Diverging from the declining Total Value Locked (TVL), which signals lowered liquidity, TRX upholds bullish momentum, fueling optimism in the derivatives market.
Tron extends recovery with a bullish start to the week, holding above the range breakout.The Total Value Locked on Tron has dropped significantly over the last month, indicating a slowdown in the network.The rising Open Interest suggests growing optimism in Tron derivatives as traders anticipate an extended rally. Tron extends gains with an upside move of over 1% at press time on Tuesday, following the 1.88% gains recorded the previous day.
0096%, reflects a growth in bullish intent as bulls are willing to pay the premium required to balance swap and spot prices.Tron Derivatives. Source: CoinglassThe Long/Short Ratio chart by Coinglass uses Taker buy/sell volume to calculate the ratio. Over the last 4 hours, the buy volume accounts for 54.83% while the short volume is at 45.17%, resulting in the long/short ratio of 1.2139.TRX Long/Short Ratio Chart.
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