The post TRX Technical Analysis Mar 5 appeared on BitcoinEthereumNews.com.

While TRX’s 24-hour volume reached the 135.71 million dollar level, it partially supports the short-term price rise but gives a weak participation signal in the overall downtrend. Market sentiment shows cautious optimism due to the volume imbalance; accumulation traces are starting to become apparent. Volume Profile and Market Participation TRX’s current volume profile reveals that market participation remained at moderate levels over the last 24 hours. The 135.71 million dollar trading volume shows an increase of around 15-20% compared to recent weekly averages, but remains modest relative to overall market volumes. This situation indicates that the broader masses have not yet fully participated, despite the price rising +2.64% to the $0.29 level. Examining the volume profile, a total of 12 strong levels have been identified across 1D, 3D, and 1W timeframes: 3 supports/4 resistances in 1D, 2 supports/2 resistances in 3D, and 4 supports/2 resistances in 1W. These levels show that volume is particularly concentrated in support zones; for example, volume accumulation is observed around $0.2854 (70/100 points) and $0.2809 (61/100 points). In terms of market participation, volume increases remain limited during upward movements, while volume is generally higher during declines. This deviates from the ideal pattern for a healthy trend of ‘high volume on rises, low volume on declines.’ Recently, the price holding above EMA20 ($0.28) is partially receiving volume support, but is testing resistance at $0.30 with Supertrend’s bearish signal. Participation rates paint a picture dominated by retail investors; higher volume surges are expected for institutional entries. The volume histogram shows that it exceeded the average of 110 million dollars over the last 7 days, confirming that the current level carries mildly upward momentum. However, in the context of the overall downtrend, this participation can be interpreted as a speculative rally. Market sentiment is putting this volume imbalance…

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Filed under: News - @ March 5, 2026 3:24 am