Is TRX at a local top? What the Sharpe ratio tells about its future – BitRss

• Cryptoquant analysis of the Sharpe ratio suggests that TRX top is in.
• Evaluating whether the cryptocurrency is headed for a cliff.

Tron’s native cryptocurrency TRX has maintained strong bullish momentum so far in 2024, allowing it to achieve considerable gains. However, fresh analysis suggests that the cryptocurrency might be about to experience a sizable pullback.

A recent CryptoQuant analysis pointed out the possibility of bearish days ahead for TRX holders. This expectation was based on the cryptocurrency’s 180-day Sharpe ratio. The latter has history of pinpointing tops with considerable degree of accuracy.

According to the CryptoQuant assessment, the Sharpe ratio recently surged into a high risk level. Nevertheles…