As reported by TheMarketPeriodical, Tron (TRX) has formed a death cross pattern on the daily chart, with the 50-day EMA moving below the 200-day EMA for the first time since the 2022 crash. Despite a 40% increase in transactions and a 33% rise in active addresses over the last 30 days, the price has fallen 25% from its year-to-date high and is now below key support levels. Technical indicators such as the Supertrend and MACD remain bearish, suggesting further downside to $0.2500 and potentially $0.2098. Meanwhile, Tron’s stablecoin supply has stalled, and open interest in futures has dropped significantly.
Tron Price Flashes Death Cross Despite Rising Transactions and Active Addresses
TheMarketPeriodicalShare
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