A crypto analyst is saying Tron (TRX) has been a top performer in the crypto world, but he’s not recommending buying it right now.
Tron’s Strong Performance
The analyst, known as Sherpa, says Tron has held its value better than most other altcoins over the past couple of years. He points out that Tron is one of the few coins that’s close to its all-time high from 2021.
But There’s a Catch
While Sherpa thinks Tron is a strong coin overall, he’s bearish on it in the short term. He says the price chart looks “pretty ugly” right now and he expects it to drop further.
Potential Entry Points
If you’re looking to buy Tron, Sherpa suggests waiting for a pullback. He says a good entry point could be around $0.143 or $0.142, but warns that this is still a risky move.
Bottom Line
While Tron has been a strong performer, the analyst is not recommending buying it right now. He suggests waiting for a pullback before considering an investment.
