Is Tron Dead or Just Taking a Nap? Here’s the TRX Price Saga You Didn’t Ask For

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So, remember that time when Tron (TRX) was doing that whole “recovering from the depths of despair” thing? Well, it’s been trudging along ever since, slowly inching up almost every week. It’s like the crypto market is trying to remind everyone that, hey, it’s still alive and kicking. In May, TRX seemed to be doing just fine, hitting a sweet spot just above $0.28. Everything was looking peachy, until, you know, it wasn’t.

Enter the bear market. Or at least, that’s what the latest charts seem to suggest. The price of Tron has suddenly found itself stuck in a hole, struggling like a cat in a bath. Here’s why TRX might be tripping over its own feet at the moment.

Tron Sellers Seem to Have Found Their Groove

Burak Kesmeci, the crypto genius over at CryptoQuant, took a long, hard look at the data and decided that Tron’s recent dip was a direct result of a 5.48% plummet over just 48 hours. How fun. He’s been obsessing over something called the “Spot Taker CVD” metric (don’t worry, I had to look it up too), which tracks whether buyers or sellers are dominating the market. Apparently, when buyers are in control, we see a whole lot of green bars (yay, good times). When the sellers take over, well, it’s all red bars and disappointment.

And guess what? The bars have been turning red since May 22nd, and it’s been downhill from there. The whole market seemed to flip from “yay, let’s buy!” to “nope, let’s sell!” in a blink of an eye. It’s like the market’s been hit by an unexpected case of buyer’s remorse.

But hey, there’s a silver lining. Or maybe not. The CVD’s been neutral recently, which is basically like when you’re stuck between deciding whether to eat pizza or ice cream. It’s indecisive, just like the market. Can we just get some clarity, please?

Proceed with Caution (But Also, Maybe Don’t Panic Yet)

Kesmeci wraps it up with a warning: If this downward spiral of negativity keeps going, Tron might be in for even more price correction. But before you start pulling your hair out, let’s not forget that the on-chain activity is in a state of limbo right now. Investors are feeling uncertain, and who can blame them?

While everyone’s holding their breath, the TRX price is sitting at $0.2656, which is about a 1% increase in the last 24 hours. But here’s the kicker: it’s still down by more than 1% in the last seven days. So, uh, good luck with that.

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2025-06-01 14:51