The Tron price has continued on its recovery path since reaching a bottom in mid-March, steadily climbing almost every week. Mirroring the improving crypto market sentiment, the price of TRX maintained a level of stability in its bullish momentum throughout the month of May as it slowly ascended to a local high above $0.28.
However, the slow-and-steady growth of the cryptocurrency was met with a significant obstacle over the past week, reflecting what seems to be a return of bearish sentiment in the altcoin market. Here’s a look at the possible reason why the Tron price might be struggling at the moment.
Tron Sellers Gain Traction: Spot CVD Data
In a Quicktake post on the CryptoQuant platform, on-chain analyst Burak Kesmeci published data from his
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