$TRX
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Tron’s Price Recovery Faces Hurdles: Analyst News Unveils Potential Causes
Tron’s price trajectory has demonstrated resilience, gradually climbing from its mid-March lows and echoing the wider recovery in the crypto market. Throughout May, Tron (TRX) exhibited a robust bullish trend, achieving a peak above $0.28. Despite this upward movement, recent weeks have seen a slowdown, possibly signaling a resurgence of bearish forces within the altcoin sector. This analysis delves into why Tron’s price may currently be under pressure.
Spot CVD Data Highlights Shift in Market Dynamics
Recent on-chain data shared by analyst Burak Kesmeci on CryptoQuant has pinpointed a significant 5.48% drop in Tron’s value within just 48 hours. Kesmeci’s review focuses on the Spot Taker CVD (Cumulative Volume Delta, 90-Day), which measures the net volume difference between market buys and sells over a three-month period. A rising CVD value typically suggests buyer predominance, whereas a falling metric indicates stronger selling activity.
Kesmeci’s findings reveal a shift from buyer dominance to a seller-heavy market around May 22, intensifying to a point where it has notably impacted Tron’s pricing. Although the Cumulative Volume Delta shows some neutral activity recently, the overall trend suggests a tilt towards sellers.
Market Caution Advised Amidst Uncertain Conditions
The analyst concludes that if the negative trend in the CVD continues, it could presage further declines in Tron’s valuation. The current neutral state of on-chain activities points to a market teetering on uncertainty. Investors are advised to remain vigilant as an increase in selling pressure may spike volatility and trigger further liquidations.
Presently, Tron is trading at approximately $0.2656, marking a slight 1% increase over the last 24 hours, yet it is down over 1% in the past week, per CoinGecko. For more detailed insights into market trends and future predictions, consider visiting [Financier News](https://www.financier.news/).
For those looking to delve deeper into cryptocurrency dynamics or explore other digital currencies, additional information is available on [Binance](https://www.binance.com/).
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