TRX Stalls as Bears Tighten Grip—Analyst Points to Market Fatigue

Tron’s price action has hit a wall—no dramatic crashes, just a slow bleed that’s got traders glancing at the exits. Here’s why the bulls might be losing their footing.

The bearish chokehold: TRX’s sideways shuffle isn’t inspiring confidence. Volume’s drying up like a desert creek, and key support levels are starting to look like wet tissue paper.

Whale watching: Big players are sitting on their hands instead of accumulating—never a good sign when the retail crowd’s already nervous. Meanwhile, Bitcoin’s latest rally barely moved TRX’s needle, which says everything.

For all the ’decentralization’ talk, TRX’s price still dances to the tune of a few massive wallets. Maybe that’s why it moves like a bureaucratic pension fund on sedatives.

Tron Sellers Gain Traction: Spot CVD Data

In a Quicktake post on the CryptoQuant platform, on-chain analyst Burak Kesmeci published data from his analysis, pegging Tron’s dip in value to as high as 5.48% in 48 hours. Kesmeci’s analysis revolved around the Spot Taker CVD (Cumulative Volume Delta, 90-Day) metric, which tracks by volume the net difference between market buys (Taker Buy) and market sells (Taker Sell) over a period of 90 days. 

According to the crypto pundit, a positive and rising value of the CVD metric indicates a higher Taker Buy volume and the dominance of buyers in the market. On the flip side, a negative or dropping value of the on-chain indicator reflects a higher Taker Sell volume and suggests that sellers are overwhelming the market. 

Data from Kesmeci’s publication shows how the market devolved from being dominated by the buyers to being bearish. The chart below shows a transition from green bars (Taker Buy Dominant) to red bars (Taker Sell Dominant).

The shift from buys to sells became evident from around May 22nd and has since intensified, leading to a steady decline in the price of Tron. However, the Cumulative Volume Delta (marked in gray) has shown neutral on-chain action over the last few days.

Caution In The Market Warranted

Kesmeci, in his conclusion, stated that if this negative CVD trend were to continue, it could signal further correction in Tron’s price. The relatively neutral state of current on-chain activity, though, suggests that investors’ uncertainty about the future trajectory of the cryptocurrency.

However, investors should still pay rapt attention as a further increase in sell pressure could heighten volatility and, consequently, lead to liquidations. As of press time, TRON trades at $0.2656, reflecting a price rise of approximately 1% in 24 hours. According to CoinGecko data, the TRX token is down by more than 1% in the past seven days.