Jakarta, Pintu News – Amidst the flash crash that shook the altcoin market on October 11, TRON (TRX) showed relative strength by holding at around $0.30, despite dropping almost 11% in a day. Interestingly, compared to other major altcoins such as Ethereum (ETH) and Solana (SOL), TRON actually experienced gains against Bitcoin (BTC) on the same day.

According to data from CryptoQuant, the performance of the TRX/BTC pair rose by 2.1%, while:
This indicates that even though the overall market is under great pressure, TRON has higher resilience than many other Layer-1s.
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The Coin Days Destroyed (CDD) indicator shows that TRX’s movement during the downturn was not due to major activity on the on-chain network, but rather predominantly came from transactions on exchanges. This means there was no massive sell-off from long-term investors, which could be a positive signal for a short-term recovery.

On the daily chart, the TRX price structure is still in a downward trend:
However, on a weekly timeframe, the analyst thinks that the structure is still bullish, and TRX is only 12.57% below its all-time high.

If BTC stabilizes above $115,000, there is a chance that TRX will rise back to the $0.33-$0.35 range in the near future. However, if the $0.30 support level is broken, it could pave the way for a further decline.
Investors are advised to remain cautious, but for swing traders and long-term holders, TRX’s resilience could be a strategic opportunity.
Although the altcoin market has been under immense pressure, TRON has emerged as one of the most resilient assets, both in terms of relative price performance and network fundamental indicators. This resilience makes it one of the altcoins worth watching in the current recovery phase of the market.
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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
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