1 June 2025
2 0
Tron Price Declines 5.48% in 48 Hours Amid Bearish Market Shift
Tron's price recovery has been steady since mid-March, reaching a local high above $0.28 in May. However, recent bearish sentiment in the altcoin market has created obstacles for TRX.
Market Dynamics
- TRX experienced a dip of up to 5.48% within 48 hours due to increased selling pressure.
- Analysis from CryptoQuant highlighted a shift in market sentiment from Taker Buy dominance to Taker Sell dominance.
- The decline began around May 22nd and intensified, showing a transition in buyer-seller dynamics.
Investor Outlook
- A continued negative trend in Cumulative Volume Delta (CVD) could indicate further price corrections.
- Current on-chain activity remains neutral, reflecting investor uncertainty about TRX's future trajectory.
- Increased sell pressure may lead to heightened volatility and potential liquidations.
As of now, TRX trades at $0.2656, with a slight 1% increase in the last 24 hours but down over 1% in the past week.