Tron sellers take control at $0.30 as Justin Sun sues World Liberty Financial

TRON [TRX] has maintained its leading position in terms of stablecoin transactions and holders. The altcoin has been trading around the $0.30 psychological level, with the market cap at around $30 billion. Why is TRX price falling? The price of TRX is falling due to technical reasons. A rising trend channel often signals bears are building positions; that's why the altcoin broke down. The BBP showed sellers were in control as the Trend Strength Index (TSI) reinforced the price direction. However, the altcoin is correcting the sudden crash from $0.35 to $0.30. If TRX can reclaim the rising trendline as support, the price could rally toward or past $0.35.

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