TRX is under serious selling pressure this week, with sellers outnumbering buyers by nearly two to one. The imbalance has caught the attention of crypto analysis platform CoinCodex, which now sees a drop to $0.32 as probable within the next seven to ten days.
Sellers dominate the order book
The data is stark. On major exchanges, sell orders are piling up faster than buy orders can absorb them. That kind of lopsided activity often precedes a downward move, and CoinCodex's model is picking up on it. The platform's prediction isn't a guarantee, but it's a signal that the market is leaning bearish on TRX right now.
What CoinCodex is watching
CoinCodex, a cryptocurrency analysis platform, bases its forecasts on a mix of technical indicators and order-book data. For TRX, the key factor is the persistent sell-side pressure. When sellers consistently outnumber buyers, it suggests that holders are looking to exit rather than accumulate. The $0.32 target represents a notable decline from current levels, though the exact entry point for that move remains uncertain.
What comes next
The next seven to ten days will be critical. If the sell pressure continues at this pace, TRX could test the $0.32 level sooner rather than later. But if buyers step in to absorb the supply, the prediction may not materialize. For now, the order book tells a clear story: sellers are in control.
