Tron bears stand firm to halt bullish momentum, which way will TRX move?

Buyers and sellers showed indecision, as TRX's bullish momentum stalled at key resistance level. Investors should thus put serious thought into TRX's price action before making their next move.

Timeline of Tron

Huobi announced a new strategic partnership with Tron [TRX] and BitTorrent [BTT] on May 6th to launch a new Memeverse Carnival event. Tron and BitTorrent will provide comprehensive support for developing meme tokens and their ecosystems as part of this collaboration.

Tron's development activity metric recently showed signs that activity is regaining after the previous downside seen since the last week of April. A stronger recovery backed by memecoin-related hype might be enough to also inject some investor excitement into TRX.

On April 30, Binance announced the launch of the 33rd project on its Launchpool, namely Sui. The Sui project, with its SUI token, is a level 1 DPoS blockchain based on the Move programming language.

Following Changpeng “CZ” Zhao's warnings, Justin Sun has revealed on Twitter the real reasons for depositing TUSD stablecoins to Binance. While reiterating his intention not to participate in exchange activities, Sun stated that the main goal of the transfers was to balance the price differentials of TUSD and boost the liquidity of unsettled orders and

The Securities and Exchange Commission (SEC) is going after Justin Sun of Tron fame and a wide array of celebrities he hired to at one point, serve either as promoters or brand ambassadors for the company.

An in-depth overview of TRON's (TRX) blockchain technology, analyzing recent price movements, key resistance levels, and discussing potential trading strategies to maximize opportunities in the market.

Tron (TRX) stablecoin's dominance has reached a record high of 33.9% — primarily due to the rising supply of Tether USDT, according to data from DeFiLlama. The stablecoin market on the network is currently valued at $44.52 billion after a 1.1% increase in the last seven days.

Court documents reveal that Justin Sun, Tron's founder, has been sent a summons from the U.S. Securities and Exchange Commission (SEC) regarding the civil complaint filed against him last month. Youtuber Austin Mahone and rapper Soulja Boy, whose real name is DeAndre Cortez Way, have also been summoned.

In a recent development, a United States court has issued a summons to Tron founder Justin Sun's Singapore address, as part of an ongoing Securities and Exchange Commission (SEC) civil case. The legal action against Sun, a prominent figure in the crypto world, showcases the SEC's continued pursuit of alleged securities law violators.

The Tron network stood at the brink of a rude awakening after Binance revealed that TRX would be among the cryptocurrencies to be delisted from the exchange. The announcement had a negative impact on TRX demand based on the market's reaction.