Tron (TRX) has formed a death cross on its daily chart, with the 50-day EMA crossing below the 200-day EMA for the first time since 2022. This bearish pattern emerges despite a 40% increase in transactions and a 33% rise in active addresses over the past month. TRX has dropped 25% from its year-to-date high, falling below key support levels. Technical indicators, including the Supertrend and MACD, suggest further downside potential, with targets at $0.2500 and possibly $0.2098. Additionally, Tron's stablecoin supply has stagnated, and open interest in futures has seen a significant decline, reinforcing the bearish sentiment.