As of 9 June, Tron entered the list of top 10 cryptocurrencies on CoinMarketCap. However, that soon changed considering the bearish sentiment that overtook TRX's progress.
The above-mentioned joy didn’t last long. This was because at press time Tron moved back from the 10th spot to the 11th. At press time, it could be seen that
Furthermore, data from the intelligence platform Santiment also painted a slightly bearish picture for the network and its altcoin. As can be seen in the chart given below, TRX’s weighted sentiment witnessed a significant drop since the beginning of June. As of 8 June the weighted sentiment stood at 0.7953, which indicated that the outlook towards TRX wasn’t very positive.
TRX’s bearish sentiment could be seen going in full swing at the time of writing. This was because TRX’s price chart flashed all red. TRX’s Awesome Oscillator although moved above the zero line, flashed red at press time. In the presence of more selling pressure over the weekend, the AO would swiftly move below the zero line.
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